USA HISTORY

MANIFEST DESTINY 1806 1855

MANIFEST DESTINY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following were the most successful entrepreneurs of the Gold Rush era in California?
A
the owner of the land where gold was discovered in 1848
B
the Forty-Niners who went to California to prospect for gold
C
the southern plantation owners that had slaves to pan for gold
D
the people who set up inns, supply stores, and other businesses to serve the miners
Explanation: 

Detailed explanation-1: -They were Henry Wells and William Fargo (above). Their company, Wells Fargo, became a giant in the banking industry. The most famous celebrity of the gold rush era came to California as a complete unknown and took a job writing for the San Francisco Call.

Detailed explanation-2: -The wealthiest man in California during the early years of the rush was Samuel Brannan, a tireless self-promoter, shopkeeper and newspaper publisher. Brannan opened the first supply stores in Sacramento, Coloma, and other spots in the goldfields.

Detailed explanation-3: -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). Josiah Belden was another man who made his fortune from the gold rush. He owned a store in San Jose.

Detailed explanation-4: -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.

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