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The boomtown merchants only because and i quote" they could charge whatever they wanted for the food and other essential items because there were no other nearby stores that sold these products" this is also what made levi stauss so rich (levi's jean's)

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Judson Marks

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3y ago

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Which groups made huge huge profits during the California gold rush?

The merchants were the ones who grew rich. The suppliers of the equipment and other goods used by the miners. They were often paid with the gold.


What happened to the profits from the sale of weapons made during the Iran-Contra scandal?

The profits from the arms sales were used to fund the Nicaraguan Contra Rebels.


The profits from the sale of weapons made during the Iran-Contra scandal supported the Contras in?

Nicaragua.


Which people made huge profits during the?

During the COVID-19 pandemic, several groups made significant profits, notably technology companies that enabled remote work and online services, such as Zoom, Amazon, and Microsoft. Additionally, companies producing personal protective equipment (PPE) and pharmaceuticals, especially those involved in vaccine development like Pfizer and Moderna, saw substantial financial gains. The e-commerce boom also benefited retailers with strong online presences, while some investors capitalized on stock market fluctuations.


How did prospectors make money during the gold rush?

Prospectors made money during the gold rush primarily by mining gold from riverbeds and hillsides, using tools like pans, sluices, and picks to extract the precious metal. They often worked in groups to increase efficiency and shared the profits from their findings. In addition to mining, some prospectors capitalized on the demand for goods and services by opening shops, providing food, and offering lodging to fellow miners in booming gold rush towns. A few also found success by investing in mining claims or equipment, leveraging the booming market to generate income.