Asia about 40,000 years before the first Europeans began
exploration in the 17th century.Six colonies were created in the late 18th and 19th centuries; they federated and became the Commonwealth of Australia in 1901.
The new country took advantage of its natural resources to rapidly develop agricultural and manufacturing industries and to make a major contribution to the British effort in World War 1 and 2.
In recent decades, Australia has transformed itself into an internationally competitive, advanced market economy.
History in Brief