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The Land of the Golden Fleece After the success of the 1800s, the Australian wool industry experienced volatility in the early 1900s. Those who worked in the industry needed to adapt to the gruelling physical work and extended periods in isolated areas away from family. England to be sold. They acclimatised to the Australian environment, producing vast quantities of wool. Captain John Macarthur was an early pioneer of wool production in Australia. With the assistance of land grants and convict labour Macarthur established the very successful Elizabeth Farm at Paramatta and in 1807 he sent the first bale of Australian wool to England to be sold. As the industry grew, wool production was increasingly portrayed as part of the national identity. After the success of the 1800s the Australian wool industry experienced a period volatility in the early 1900s. Those who worked in the industry needed to adapt to the gruelling physical work and extended periods of time in isolated areas away from family. The Federation drought of 1895-1903 made conditions even tougher, causing widespread loss to livestock and income across the agricultural industry. The First World War further destabilised the industry causing shifts to the price of wool and established trade agreements. In 1916 in an attempt to stabilise the industry the British government agreed to buy Australia’s entire wool production. However, the 1930s were a period of renewed strength for the price of wool and increased overseas demand. The historically strong British import market faced growing competition from markets in Japan, France, Germany and Belgium due in part to the increased attraction of wool sales from Australia. Images /Source: Images: http://nla.gov.au/nla.obj-14733844 #australia #wool #history #ourstory