Originally published in 1964, this book presents a study of domestic capital formation in Australia from 1860 to 1900, a period of vigorous economic expansion. The text is divided into four main parts: the first discusses the conditions of Australian economic growth; the second is a historical analysis of private investment; the third studies investment in communications in relation to the public sector; the fourth investigates structural readjustment in the light of the end of expansion. Illustrative figures and numerous tables are also included. This book will be of value to anyone with an interest in Australian history and the development of the Australian economy.