Complete Set of 5 nos of commemorative postage stamp on the Colonial Collection of Australia : Boom Time :
Issued by Australia
Issued on Jul 12, 1990
Stamp design : Brian Clinton, Melbourne
Type : Stamps, Postal Used
Colour : Multi colour
Denomination : 41 cents each
- The third and final part of the Colonial Collection looks at Australia in the 1870s and 1880s when the economy was undergoing a time of high prosperity. Not all shared in the boom. Slums, bad sanitation and hard manual labour were still the lot of many.
- LAND BOOM
- Unbridled optimism about the value of land led to suburban expansion in many colonial cities. In Melbourne and Sydney more land was subdivided and auctioned than could be settled for many years to come.
- BUILDING BOOM
- Increasing wealth created the desire for the extravagant buildings of the boom. Public and commercial offices, mansions and suburban villas were built in a multiplicity of architectural styles.
- INVESTMENT BOOM
- The stock market, flourishing since the gold rushes, reached new heights as mining and land investment produced new customers.
- RETAIL BOOM
- Conspicuous consumption was the order of the day. Stores with local and imported luxury goods attracted stylish shoppers who wanted to be seen as much as to see.
- FACTORY BOOM
- The vigorous economy promoted expansion in manufacturing. Factory workers, however, had to fight for their rights in the face of poor conditions and long hours.
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