A Collection Of Essays On The Colonial Economy Of N S W

This series explains the many important aspects of the colonial Economy of N.S.W. between 1788 and 1835. This present volume sets down over 14 essays on aspects of the colonial economy, ranging from a short review of the Van Diemen's Land Company - the second land grant coy in Australia - the AAC being the first, to a study of the writings of Professor Noel Butlin and the factors of economic growth in those important first 30 years of the colony and settlement in NSW. Some notable essays include an understanding of the Macquarie years that set a standard for economic development that became hard to follow. The many statutes enacted by Westminster Parliament in establishing the colony are examined as is the rise of the pastoralist and squatter in the colony. These entire special features of the economy helped set up the economic drivers that created such a successful economy.

The economic history of Australia is an understanding of the real history of this country. Starting in 1788 and analysing the events that created the foundation of a great country through to the 1830s , this 'Colonial economy - a retrospective on the colonial economy between 1788 and 1835' makes fascinating reading about the makings of the first settlement, creating manufacturing industry, and the establishment of a series of government-owned business enterprises, that have continued in operation until this modern era. The conclusions drawn about this era of the colonial economy will create long discussions about the true role of the British penal settlement in 1788.

In this 10th volume of the economic history of colonial NSW, the matter of population growth is reviewed, with population gains coming from favorable economic drivers and economic cycles, exploration, immigration, natural increase and British investment. The historical approach to Statistical Data gathering, its origins and reliability, is outlined as are the statistics used and their interpretation. The early musters (of convicts) is discussed together with commentary on the supporting datas derived from the numbers of convicts 'on the store'. With the Aboriginal economy outperforming the white colony from 1788 to the early 1820s, the operation of the Aboriginal economy is also discussed and the circumstances of its depopulation. Adding to the population history is a statement that traditional reporting of the history is: *Britain settled the continent for ;'strategic' advantages and to find a source of raw materials for its industries, as well as being an outlet for its trading and a takeover of local resources under its expanding economic system. *Economic development took place in their new colony, beneficial mainly to British interests including, industry, trade, insurance and investment. As important as trade and investment became to the new colony, the main aspect of the population history is the transfer of human capital in the form of over 160,000 convicted persons under a transportation program from the United Kingdom.

Any economic history written in the 21st century of colonial Australia, will highlight the economic gains made by Governor Macquarie, especially in the broad planning approach to efficiently and effectively use convict labour for economic improvement in the colony. Whilst Macquarie tried to make the colony safe and attractive to investors and entrepreneurs, he used the various Government business enterprises, such as the Lumber and Timber Yards, the Stone Quarry and the naval yard, to supplement the gains already accomplished by the Government Farms and the Government Store (the Commissariat) to underpin outstanding economic growth and impressive GDP in the colonial economy. The various aspects of the colonial economy make interesting reading not to mention the comparison of the Aboriginal economy of 1788 with the white economy. The study is a different approach to the colonial economy and is the first of an impressive series of studies of each of the aspects of the economy between 1788 and 1835.

This series explains the many important aspects of the colonial economy of N.S.W. between 1788 and 1835. In conjunction with the volume, guiding the economy, this study of financing the economy, provides a full and valuable insight into the formation of the NSW Treasury and its economic policies. The arrival of the Legislative Council changed the role and duties of the Governor in a major way. Instead of the autocratic governance previously experienced, there was now the need for compromise and the acceptance of guidance from an Appointed Council. The financial statements of the colony between 1802 and 1850 have been subjected to scrutiny for the first time and most interesting conclusions have been drawn concerning the performance of the colonial economy.

This third volume of the Series on the Colonial Economy of NSW (1788-1835) researches the formation, operation and use of labour in the numerous Government Business Enterprises. This volume supplements the studies on the Colonial Economy and the other most important economic driver - the commissariat. The economic history of NSW and essentially that of early Australia is set out in this series.

The traditional recounting of early Australian Economic History is that Britain decided to settle the continent for 'strategic' advantages and as a source of raw materials for its industry, and as an outlet for its trading and the transfer of resources (a takeover) by the new economic managers. The official intention of settling the colony was for peaceful & co-operative economic development of the new land, beneficial to British traditional interests and not intended to undermine or engage in war with the native population, and to share what food resources were naturally available. The gulf between the two societies was too large to be bridged and the British settlement succeeded while the ancient society was destroyed. The destruction of traditional Aboriginal society was recognized by depopulation from an accepted population of about 1 million in 1788 to 250,000 by 1848 whilst an estimated 50% of Aboriginal resources were absorbed by white settlers between 1788 and 1809 The extent and content of British Colonial Investment is discussed as are topics such as the role of Immigration and Foreign Investment, the reasons for the colony, and the highlights of the British rule in the economy and the colonial economic experiment undertaken by Macquarie.

This third volume of the Series on the Colonial Economy of NSW (1788-1835) researches the formation, operation and use of labour in the numerous Government Business Enterprises. This volume supplements the studies on the Colonial Economy and the other most important economic driver - the commissariat. The economic history of NSW and essentially that of early Australia is set out in this series.