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Merchants were in the unique position of being able to charge whatever they liked for their goods. Diggers (prospectors) were not prepared to travel to the cities for their purchases, as their gold claim could be robbed or invaded during their absence. They would rather pay inflated prices at the local merchant. Also, their needs were frequent - food, new tools, clothing, housing supplies, etc - and it was not worth their while to travel to the cities.
Wiki User
∙ 14y ago
Wiki User
∙ 11y agoits because of the gravity of the earth...
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When did gold rush finished?
it finished in the early 1400's when there wasn't much money around and people would get anything to earn money! Emma is sexi
Why did merchants earn such large large profits during the gold rush?
They earned so much because they were the only ones who sold food and other things the miners needed and they could make the prices as high as they wanted.
How did merchants benefit from the crusades?
After crusades, many goods would be brought in. Allowing the merchants to buy, sell, and earn re money.(or barter)
How did the people in the California gold rush get money without mining?
The gold rush wasn't an employer, so people didn't "work for it". People looked for gold. Some did it full time and others did it in their spare time. Many people sold items or services to the miners in the camps to earn a living.
Why did the Chinese come to Australia for gold?
To earn money
How did miners cash in their gold?
They dig and earn money
How do you earn money in age of mythology?
mine gold
How do you get a gold key in superstar streetz?
earn money
How much money does a gold miner earn?
they earn about $50000-$200000 per year
How does Nevada earn money?
Casino's and Gold and Silver mining
Why is palladium mixed with gold?
simple to earn more money
What games can you play on gaiaonline to help you earn money?
When you get far on zOMG you can earn a lot of gold, and posting anywhere you can.
