page_title: Economic history of Australia
section_title: 1890–1900
hierarchical_section_title: Economic history of Australia / 1890–1900
caption_attribution_description: Mine
context_page_description: The economic history of Australia traces the economic history of Australia since European settlement in 1788.
context_section_description: 1890: the Great maritime strike
  1891: the Australian shearers' strike
  1891: 16 small banks and building societies collapsed in Melbourne
  1892: a strike occurs at the mines in Broken Hill
  1892: 133 limited companies went into liquidation in Victoria alone
  1893: a major international depression and the speculative property boom of the 1880s, led to the Australian banking crisis of 1893 and a serious economic depression. 11 commercial banks failed or temporarily closed to avoid a run, including the National Bank of Australasia and the Commercial Bank of Australia. On 1 May, the Victoria government implemented a five-day bank holiday to ameliorate the panic.
  1894: recovery from the crisis began. Some reforms to regulations and laws were made to try to prevent future financial abuses.
caption: A mine in the mining boom town of Broken Hill, where a miner's strike occurred in 1892. Broken Hill endured significant prosperity on the back of its mining industry throughout the 20th century.
exif: {}