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What caused the 1890's silver price collapse?
The 1890s silver price collapse was primarily caused by a combination of overproduction and a decline in demand for silver, particularly after the U.S. government moved away from the bimetallic standard established by the Sherman Silver Purchase Act of 1890. Additionally, the economic downturn known as the Panic of 1893 led to a shift in investor confidence toward gold, further diminishing silver's value. The discovery of large silver deposits, especially in the West, also contributed to an oversupply in the market, driving prices down significantly.
The discovery of gold in California led to?
The arrival of large numbers of people
The comstock lode was in which state?
The Comstock Lode (a major discovery of silver and gold ore) was near the present location of Virginia City, near Reno, Nevada. Carson City (site of a US mint) is located just to the South.
What effect did the discovery of the comstock lode have on the west?
it lured thousands of California miners to Nevada.
What is the value of an 1820 silver five cent piece?
No five-cent coins were minted between 1806 and 1828 inclusive.The first five-cent coins were actually called half dimesand were small silver pieces about 14 mm in diameter. The denomination was issued until 1873 when it was phased out in favor of the larger and more convenient nickels we know today.If your coin is dated 1920, it's a buffalo nickel and is made of cupronickel, not silver. There's more information at the Related Question.AnswerWhen asking a question it is customary to start with Who, what, where, when or why and maybe how. as in who is on the 1820 silver five cent? Or how much is it worth? Or where was an 1820 silver five cent made? To simply ask 1820 silver five cent? doesn't really ask anything, it more of a statement.
What kind of paint is used on the back of a mirror?
Tin chloride coating to sensitize silver deposits ,silver nitrate for silver coating and copper paint for protection to the silver deposits.
Which country was founded because of the discovery of silver?
Argentina was found because of the discovery of silver... The name actually means silver
Can you find silver in Wyoming?
Mining in Wyoming has produced silver deposits.
What are some sources for silver?
silver occur in lead, zinc, and copper ore deposits
Mexico is presently known for deposits of which natural resource?
Silver
What state has major deposits of gold and silver?
The true answer is Nevada
In which geologic settings can gold and silver deposits be found?
Gold and silver deposits can be found in geologic settings such as volcanic regions, hydrothermal veins, and sedimentary rocks. These deposits are often associated with tectonic plate boundaries and areas of past volcanic activity.
What landform do all the states with silver deposits have in common?
Many states with silver deposits have mountainous regions in common. These mountainous areas often contain geological formations that are conducive to silver mineralization, such as fault lines, veins, and igneous intrusions.
The Comstock Lode was the name given to?
gold and silver deposits in Nevada
The Comstock Lode was the name given to who?
gold and silver deposits in Nevada
Was the Comstock Lode the first major silver discovery in the United States?
Comstock lode was the discovered in Nevada as the first Large discovery of silver ore. It was the biggest discovery since the gold rush in California. After the discovery in 1859, people rushed to the location and caused many camps to be successful.
Where did Argentina get its name from?
from the latin word Argentum, meaning silver. there was a lot of silver discovery in streams
