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Elizabeth Macarthur is significant in Australian history for her vital role in the establishment of the Australian wool industry. As the wife of John Macarthur, she managed their estate and played a key part in the breeding of merino sheep, which became crucial to Australia's economy. Her contributions extended beyond agriculture; she was also an influential figure in colonial society, advocating for women's rights and education. Elizabeth's legacy endures through her impact on both the agricultural sector and the role of women in early Australian history.

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