Question

throw some light on economic development of Australia under European settlement? ​

Answer 1

The history of Australia from 1788–1850 covers the early colonial period of Australia's history, from the arrival in 1788 of the First Fleet of British ships at Sydney, New South Wales, who established the penal colony, the scientific exploration of the continent and later, establishment of other Australian colonies. European colonisation created a new dominant society in Australia in place of the pre-existing population of Aboriginal Australians.