Avoiding the resources curse is one of the socio-political impacts on gold rush in Australia. Explain in a paragraph with four to five sentences with familiar words.

Answer 1

The resource curse refers to the problems that can arise when a country relies heavily on its natural resources, like gold, which can lead to economic and social issues. During the gold rush in Australia, there was a risk that the sudden influx of wealth could create inequality and conflict, as some people became rich quickly while others remained poor. To avoid these problems, Australia focused on creating fair policies and investing in education, health, and infrastructure. This way, the benefits of the gold rush could be shared more evenly among the population, helping to build a more stable and prosperous society. By managing the wealth carefully, Australia aimed to turn the gold rush into a boost for everyone, rather than a source of division.