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Because there were so few goods, so many people, and so much gold, the merchants could charge almost any price they wanted. The result was inflation.
This is for the most part the answer.
Oreo
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What happened in America in 1848?
well many things happen in America during that time like for example gold was founded in California forming the gold rush in 1849
What was a major effect of the California gold rush?
Shifts in fortunes and population and statehood were major effects of the California gold rush. The event in question, from 1848 to 1855, led to the consolidation of English-speaking control over California as well as the fantastic fortunes of some and misfortunes of many during the scramble for gold.
How much money was a shovel in the gold rush?
50$ Well it depends on where and when .. in areas OUT of the gold rush area a shovle would cost 2 to 4 dollars. In the gold rush area they could go up to $125 .. it all depends on supply and demand .. HIGH demand + LOW supply ... price goes up! that's economics 101 :)
When do the gold rush miners start mining?
When gold was discovered by John Sutter at his saw mill in Jan of 1848 the gold rush was on almost overnight. People came any way they could and it soon added up to 80,000 to come. By Sept of 1849 CA became a state.
How did word get out about the gold rush?
well, it was supposed to be a secret in ccccalifornia but then someone told and things got ugly fast
How were blacks treated during the gold rush?
They were treated very well if they had gold
What happened in America in 1848?
well many things happen in America during that time like for example gold was founded in California forming the gold rush in 1849
What was a major effect of the California gold rush?
Shifts in fortunes and population and statehood were major effects of the California gold rush. The event in question, from 1848 to 1855, led to the consolidation of English-speaking control over California as well as the fantastic fortunes of some and misfortunes of many during the scramble for gold.
What were the jobs during the California gold rush?
there was mining and geologist jobs that were usually well payed. Merchants, prostitution, chinese laundry, logging and lumber milling,
Was the gold in California gold rush good quality?
well technically all gold is ''good gold'' but the californian gold was pretty high standard
How much money was a shovel in the gold rush?
50$ Well it depends on where and when .. in areas OUT of the gold rush area a shovle would cost 2 to 4 dollars. In the gold rush area they could go up to $125 .. it all depends on supply and demand .. HIGH demand + LOW supply ... price goes up! that's economics 101 :)
Who were the first people to discover the gold rush?
well I think it was bill franklin
Where can you find good information on California Gold Rush routes?
There were no real " gold rush routes", but people came into San Francisco and took the Sacramento River to Sacramento. From there they headed to the gold rush area above Sacramento. There are still gold rush towns you can visit and the state park of Columbia. Columbia is a preserved gold rush town and you can find more information about this area from the state parks site. There is no charge to visit the area and there are picnic sites in Columbia as well as hotels, shopping, museums, and other gold rush towns.
How were the british men treated in the Australian gold rush?
They were treated very well, given that the Australian Gold Rush occured in British colonies. The Chinese, on the other hand, were treated very poorly.
What big thing happendafter the gold rush?
A significant event that took place in conjunction, as well as following the gold rush explosion was the Indian Wars. The push to move Native peole to reservation land helped free more land for westward expansion as well as for further gold exploration.
What are words that describe a gold rush?
well you could call it alot of riches and good fortune
What kind of transport did they use during the gold rush in Australia?
The gold rush in Australia brought about the development of faster and better forms of transport. Horse-drawn coachlines became more popular. These specially-sprung coaches were developed to suit the rough tracks to and from the gold diggings. Within a few years of the first gold strikes, railways were being built as well, extending between the major centres and to the goldfields.
