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
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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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Detailed explanation-1: -However, only a minority of miners made much money from the Californian Gold Rush. It was much more common for people to become wealthy by providing the miners with over-priced food, supplies and services. Sam Brannan was the great beneficiary of this new found wealth.
Detailed explanation-2: -During the 1850s and 1860s Brannan was known as the richest man in California. The chaos of the gold rush had played to his personality and business instincts, but he plunged into some schemes with the care of a gambler. He once sailed to Hawaii to overthrow the king, a coup that failed.
Detailed explanation-3: -Gold from the American River!” On August 19, 1848, the New York Herald was the first major newspaper on the East Coast to report the discovery of gold. On December 5, 1848, US President James K. Polk confirmed the discovery of gold in an address to Congress.
Detailed explanation-4: -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!