Money Pits: British Mining Companies in the Californian and by John Woodland

By John Woodland

among 1849 and 1853 stocks in approximately one hundred twenty public businesses to take advantage of the booming goldfields of California and Australia have been provided to the British public. the corporations have been jointly capitalised at over £15 million, yet in spite of everything just some £1.75 million was once really raised among forty two of them, with just one corporation surviving what the newspapers of the day defined as a ’gold bubble’. This ebook offers an outline of the full bubble occasion, its antecedents and its results. a couple of researchers have investigated an previous increase within the mid-1820s to reopen gold and silver mines in Latin the United States and several other have studied person corporation operations of that interval. this can be the 1st distinctive research of the British gold bubble businesses of the 1850s and their involvement within the virtually simultaneous gold rushes on each side of the Pacific Ocean.

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