0
What else can I help you with?
Who discovered gold in1848?
no one cares
When was Lewis latimer born?
hh was born in1848
Why was Vitus Berin important to Washington state?
i think wishinton became a state in1848
What natural resource in California in1848 and 1849 caused rapid population growth in region?
The discovery of gold in California in 1848 and 1849, known as the California Gold Rush, caused a rapid influx of people seeking their fortunes. This sudden population growth led to the development of new communities and infrastructure in the region.
What was Georgia O'Keeffe's nationality?
No. Her maternal grandfather, George Victor Totto, was a Hungarian count born in Old Buda in 1820. Her paternal grandfather,Pierce O'Keefe, immigrated from County Cork, Ireland in1848.
How old was John Quincy Adams when he died?
John Adams was born in 1767 and died in 1848. Do the math. 1848-1767= 81 years old. Yes it would be correct if John Adams was actually BORN in 1767 and died in 1848. He was not in fact born in 1767 nor did he die in1848. He was actually born in 1735 and died in 126 so that would make him 91 years old.
How much was an ounce of gold worth in the gold rush?
Short answer: One troy ounce of gold was worth $20.67 in 1849. At that time, US dollars were backed by gold, and the dollar price of gold was established by the US Congress, as mandated by the Constitution of the United States in Article I, Section 8. The price was set at $20.67 per troy ounce in 1834. That reflected a devaluation of 6% from the previous price. The price remained at $20.67 until 1934, when under Franklin Roosevelt, private Americans' gold was confiscated by the government, and the price to foreign banks was raised to $35 per troy ounce, devaluing the the dollar by 60%. The inter-bank price remained at $35 an ounce until 1971, when the US Treasury under Richard Nixon defaulted on its obligation under the Bretton Woods gold standard agreement. Since that time, the value of a dollar in gold has been determined in open markets. In 1849 Congress authorized the large $20 gold piece to coin the gold coming from California. It had a net weight of .9675 troy ounces of pure gold. Thus the $20 gold piece of 1849 contained exactly $20 worth of fine gold. It was 90% fine, making its gross weight, including the alloy copper, 1.0750 troy ounces. It came to be called the 'double' eagle because the largest face value previously minted US coin was the $10 gold Eagle (approximately ½ troy ounce).
