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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.

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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.


Who moved west during the gold rush?

During the gold rush, primarily in the mid-1800s, thousands of prospectors, known as "49ers," moved west to California in search of fortune. This influx included a diverse group of people, such as immigrants from China and Europe, as well as families and individuals from various parts of the United States. Many sought not only gold but also opportunities for land and a new life. The rapid migration significantly impacted the demographics and economy of the western United States.

Related Questions

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 were the mining tools in the gold rush?

Common mining tools used during the gold rush included picks, shovels, pans, and sluice boxes. Miners also utilized cradles, rockers, and long toms to separate gold from sediment. These tools were essential for extracting gold from rivers, streams, and mines during the gold rush era.


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.


Was the gold in California gold rush good quality?

well technically all gold is ''good gold'' but the californian gold was pretty high standard


What was alaska's average climate in 1897 during the klondike gold rush?

Alaska's average climate in 1897 during the Klondike Gold Rush was cold with harsh winters and mild summers. The region experienced heavy snowfall and temperatures well below freezing during the winter months. Summer temperatures were generally cool, with occasional warm spells.


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,


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.