Economy and Trade
The colonies relied heavily on imports from England for survival. The official currency of the colonies was the British pound, but the unofficial currency and most readily accepted trade good was rum. During this period Australian businessmen began to prosper. For example, the partnership of Berry and Wollstonecraft made enormous profits by means of land grants, convict labour, and exporting native cedar back to England.
Read more about this topic: History Of Australia (1788-1850)
Famous quotes containing the words economy and/or trade:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“With respect to a true culture and manhood, we are essentially provincial still, not metropolitan,—mere Jonathans. We are provincial, because we do not find at home our standards; because we do not worship truth, but the reflection of truth; because we are warped and narrowed by an exclusive devotion to trade and commerce and manufacturers and agriculture and the like, which are but means, and not the end.”
—Henry David Thoreau (1817–1862)