22/10/2026
When World War I broke out in 1914, it brought significant economic suffering for many Australians. Embargoes upended global trade while simultaneously one of the nation’s worst recorded droughts hit southern Australia, reducing the availability of wool, meat and wheat – all major exports. To help pay for the war, the Commonwealth Government increased the note issue from some 9.5 million in 1914 to 52.5 million in 1918, which also increased inflation.
Within a year, the price of some common goods, such as bread and butter, had doubled. While the exact price of goods varied by locality and period, the average cost of groceries and rent within Australia increased by 71% and over 10% respectively between 1914-18. In Queensland, the unemployment rate amongst the unionised workforce more than quadrupled to 17.7%.
The Mount Morgan community were amongst those hit hard by the wartime downturn. The town had sprung up in the 1880s to house workers for the nearby mine and by 1911 had grown to a population of 9,772. The mine itself was one of the largest gold and copper mines in Australia (and at one time, the world), managed during the 1910s by the Mount Morgan Gold Mining Co.
The township was reliant on waged work at the mine, with bars, schools and other facilities established to service the workers and their families. The mining work itself was physically demanding and often dangerous, with miners and smelters exposed to toxic gasses, mining dust and the threat of cave-ins. Despite these risks, pay was poor and opportunities for old, injured miners limited.
Mount Morgan suffered a blow in July 1914 when some 500 unskilled workers were dismissed due to a fall in global metal markets. Worse came later that year when the Commonwealth placed an embargo on gold exports, to ensure its reserve. The mine saw a reduction in income while the price of mining stores began to climb; increasing 222% over the course of the war. Wartime demand for copper helped offset these losses, but the overall situation left the company on reduced returns.
Displayed at the mine works company office, the Mount Morgan war loan ‘barometer’ provides some insight into the financial situation of different employees in 1917-18. Such barometers measured the contributions of workplaces and communities towards the national war loans, encouraging competition and thereby the purchase of war bonds.
Those working in the sinter plant, mine and construction made up nearly half the workforce but had the lowest rate of participation (8-18%) and lowest contribution per employee; the sinter at less than £1. These workers were unskilled, the lowest paid and most vulnerable to financial strain.
Departments which required technical or trade skills were better paid and participated at a rate of 24-30% with an average contribution between £3-8. This included the copper works, workshops, and electrical repairs.
The staff department, which included senior management, contributed at the highest rate with two thirds chipping in. The highest paid at the site, they could comfortably pledge 48% of the barometer total with an average contribution over £33, even as the mine suffered reduced returns.
Poor wages were among the many motivations for Mount Morgan Gold Mining Co employees to pursue military service. In 1914 alone, 420 men enlisted and the company established ‘probably one of the largest honour-boards in Australia’ in 1916 for its employees.
Many of these men did not return, leading to a widespread sense of grief and apathy. The 1916 words of Reverand James Heaton, the town’s Methodist minister, considered this loss against Mount Morgan’s fortunes: ‘Our town has given 800 or 900 men to the war. Our only return so far is the daily news of wounds and death.’
Mount Morgan Honour Board, 22 June 1916, Queensland Times, p. 4.
Miners working underground in the Mount Morgan Mine, 1903, John Oxley Library, State Library of Queensland.
Members of the Mount Morgan Gold Mining Company, Queensland, John Oxley Library, State Library of Queensland. Negative no 14077.
Page 27 of The Queenslander Pictorial, supplement to The Queenslander, 19 October 1918, John Oxley Library, State Library of Queensland.
Returned soldiers and sailors join the Peace Celebration Parade in Mount Morgan, 1919, John Oxley Library, State Library of Queensland. Negative no 14874.
Mount Morgan Mines complex, 1903, John Oxley Library, State Library of Queensland.