0
During the California gold rush, few people made their fortune panning or mining gold. The real winners were the merchants, who were smart enough to know that selling certain essential items that had huge demand, would make them wealthy. Needed tools drew enormous prices such as the pick ax, which went for $50 a piece.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoNothing demonstrated the theory of supply and demand more than a pickax during the California Gold Rush. Normally an inexpensive tool, the pickax increased in status and value due to being an essential tool of gold miners. If you did not have a pickax, you could not mine for gold. Therefore, the lowly pickax went from costing a few cents or dollars to fifty dollars.
Wiki User
∙ 11y agoThe pic-axe's where usually around $30.
Add your answer:
Earn +20 pts
How much did a pick cost in 1849?
over 100$ i think..
What is the Value of 1976 D gold dime?
It's an ordinary dime that's plated, and not made of real gold. The US has never made a gold coin with such a low denomination. For one thing, gold was a few hundred dollars an ounce back in the 70's so 10¢ worth would require a pair of tweezers to pick up!
What did isham harris do during the civil war?
he pick vegetables and made dresses with the ladies and told grady that he waS BUEATIFUOL
Did slaves pick cotton in the rain?
are you stupid? they were slaves they where picking cotton during blizzards great grand daughter of a slave
How did slavery change as a result of the cotton gin?
Becuase of the gin it was much faster to pick to the cotton
How much did it cost to sell a pick and shovel in the 1850s during the gold rush in California?
before the gold rush, a pick cost about two or three dollars, but after the gold rush the price was raised to six dollars
How much does mining pick axes cost?
Depends which pick axe it is.
How much does it cost for a horse pick?
About $20
How much does a pick axe cost?
100$
In 1849 During the Goldrush how much did it cost for a wash bowl pick axe shovel long tom How much did food cost back then How much was clothing back then?
an axe shovel was $2800 and food was about $45 but Chinese had it tripled
How much did a pick cost in 1849?
over 100$ i think..
How much do cartilage piercings cost at Claires?
It depends what earring you pick. Mines cost 45$
How much does the guitar pick cost in Philippines?
15 pesos and up :)
How much does it cost to fix the pick up on a bass guitar?
About $20-$30.
How much money does it cost to buy a rat?
pick one out of your pubic hair
How much does a tooth pick cost?
About £2.00 for a pack of five 100 in a pack
How much does Lego pick a brick cup cost in Canada?
seven dollars
