MANIFEST DESTINY 1806 1855
ELECTION OF 1848 AND THE CALIFORNIA GOLD RUSH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True or False:Food sold to gold prospectors was mostly cheap and inexpensive.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Sam Brannan was the great beneficiary of this new found wealth. Prices increased rapidly and during this period his store had a turnover of $150, 000 a month (almost $4 million in today’s money).
Detailed explanation-2: -In total, it’s estimated that 750, 000 pounds of gold were discovered during the Gold Rush. It reached its peak in 1852 when prospectors found $90 million worth of gold-that’s $2.7 billion in 2021 dollars!
Detailed explanation-3: -The California Gold Rush was sparked by the discovery of gold nuggets in the Sacramento Valley in early 1848 and was arguably one of the most significant events to shape American history during the first half of the 19th century.
There is 1 question to complete.