Introduction

Stuart Jones and André Müller
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Stuart Jones: University of the Witwatersrand
André Müller: University of Port Elizabeth

Chapter 1 in The South African Economy, 1910–90, 1992, pp 1-15 from Palgrave Macmillan

Abstract: Abstract Rapid economic growth in Southern Africa since the discovery of diamonds in the Kimberley region in the 1870s provided the economic background to the formation of Union in 1910. The diamond diggings had triggered this move to rapid economic growth, the roots of which stretched back to the arrival of the English settlers in the 1820s. Great though this impact of the diamond discoveries had been, it was soon overshadowed by the still greater impact of the discovery of the world’s greatest gold mines on the Witwatersrand in the southern Transvaal. And ever since, the growth of the South African economy has been associated with mining developments in one form or another.

Keywords: Free Trade; Eighteenth Century; Rapid Economic Growth; European Economic Community; Steam Engine (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-22031-1_1

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