USA HISTORY

Detailed explanation-1: -The news of gold brought approximately 300, 000 people to California from the rest of the United States and abroad. The sudden influx of gold into the money supply reinvigorated the American economy; the sudden population increase allowed California to go rapidly to statehood in the Compromise of 1850.

Detailed explanation-2: -On January 24, 1848, gold was discovered in California at Sutter’s Mill. By 1849, people were coming to California from all over the world to look for gold. The California gold rush caused a huge increase in California’s population. That year about 80, 000 gold-seekers came to California, hoping to strike it rich.

Detailed explanation-3: -Gold became highly concentrated in California, United States as the result of global forces operating over hundreds of millions of years. Volcanoes, tectonic plates and erosion all combined to concentrate billions of dollars’ worth of gold in the mountains of California.

Detailed explanation-4: -Almost overnight, the gold rush transformed San Francisco into a booming city filled with makeshift tent-houses, hotels, stores, saloons, gambling halls, and shanties. By 1849, as the gold rush fever swept through the country, the city’s population exploded to a staggering 25, 000.

Detailed explanation-5: -The Gold Rush had a profound impact on California, dramatically changing its demographics. Before the discovery of gold, the territory’s population was approximately 160, 000, the vast majority of whom were Native Americans. By about 1855, more than 300, 000 people had arrived.