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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He wanted to be the only one with cheap tools to look for gold, so he could sell a lot.
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He knew he could sell them for a lot more than they were worth.
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He wanted to help people go and find gold.
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He was trying to help businesses make money before the Gold Rush started.
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Detailed explanation-1: -Q. Why did Sam Brannan buy mining supplies before telling everyone about gold being found? He wanted to be the only one with cheap tools to look for gold, so he could sell a lot.
Detailed explanation-2: -In the fall of 1847 he opened a store at John Sutter’s Fort. A few months later, rumors circulated that gold had been found nearby at Coloma. In early May, Brannan headed to the mines to see for himself.
Detailed explanation-3: -Samuel Brannan (March 2, 1819 – May 5, 1889) was an American settler, businessman, journalist, and prominent Mormon who founded the California Star, the first newspaper in San Francisco, California. He is considered the first to publicize the California Gold Rush and was its first millionaire.
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).
Detailed explanation-5: -Marshall’s discovery On January 24, 1848, James W. Marshall found shiny metal in the tailrace of a lumber mill he was building for Sacramento pioneer John Sutter-known as Sutter’s Mill, near Coloma on the American River. Marshall brought what he found to Sutter, and the two privately tested the metal.