Money Pits: British Mining Companies in the Californian and Australian Gold Rushes of the 1850s

Between 1849 and 1853, shares in nearly 120 public companies to exploit the booming goldfields of California and Australia were offered to the British public. The companies were collectively capitalised at over £15 million, but in the end only some £1.75 million was raised between 42 of them, with only one company surviving what the newspapers of

Intre 1849 si 1853, au fost oferite publicului britanic actiuni la aproape 120 de companii publice pentru a exploata campurile de aur in plina expansiune din California si Australia. Companiile au fost capitalizate colectiv la peste 15 milioane de lire sterline, dar in cele din urma s-au strans doar aproximativ 1,75 milioane de lire sterline intre 42 dintre ele, o singura companie supravietuind ziarelor