Sydney
Under the reign of Queen Victoria federation of the six colonies occurred on 1 January 1901. Sydney, with a population of 481,000, then became the state capital of New South Wales. The Great Depression of the 1930s had a severe effect on Sydney's economy, as it did with most cities throughout the industrial world. For much of the 1930s up to one in three breadwinners was unemployed. Construction of the Sydney Harbour Bridge served to alleviate some of the effects of the economic downturn by employing 1,400 men between 1924 and 1932. The population continued to boom despite the Depression, having reached 1 million in 1925.
History of New South Wales
Since the 1970s New South Wales has undergone an increasingly rapid economic and social transformation. Old industries such as steel and shipbuilding have largely disappeared, and although agriculture remains important, its share of the state's income is smaller than ever before. New industries such as information technology, education, financial services and the arts, largely centred in Sydney, have risen to take their place. Coal exports to China are increasingly important to the state's economy. Tourism has also become hugely important, with Sydney as its centre but also stimulating growth on the North Coast, around Coffs Harbour and Byron Bay. As aviation has replaced shipping, most new migrants to Australia have arrived in Sydney by air rather than in Melbourne by ship, and Sydney now gets the lion's share of new arrivals, mostly from Asia, Latin America and the Middle East.