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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Very few people got rich from gold, but many who stayed to start businesses were successful.
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Transportation industries that grew out of the success of the gold rush made many people wealthy.
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Immigrants came to California in search of economic opportunities yet many experienced discrimination.
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Many people who came to California in search of gold found it or started businesses to support the mining industry.
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Detailed explanation-1: -The influx of gold resulted in the expansion of manufacturing and the service industries, as many entrepreneurial newcomers took advantage of the demand for mining materials, lumber, clothing and transportation.
Detailed explanation-2: -The Gold Rush had severe effects on Native Californians and accelerated the Native American population’s decline from disease, starvation and the California genocide.
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.
Detailed explanation-4: -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).