WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
GILDED AGE POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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poured millions of dollars into the nation’s money supply without requiring a return to silver coins or paper currency.
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caused a great depression
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caused a reccession
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caused deflation
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Detailed explanation-1: -The Klondike Gold Rush is credited for helping the United States out of a depression. Still, it had a horrific impact on the local environment, causing massive soil erosion, water contamination, deforestation and loss of native wildlife, among other things. The gold rush also severely impacted the Native people.
Detailed explanation-2: -The continental economy, however, which had been locked in a depression and plagued by unemployment, benefited from the spending during the gold rush. The Klondike gold rush brought about a rapid advance in the development of the Yukon Territory, which was officially formed by Parliament on 13 June 1898.
Detailed explanation-3: -In August, 1896, Skookum Jim and his family found gold near the Klondike River in Canada’s Yukon Territory. Their discovery sparked one of the most frantic gold rushes in history. Nearby miners immediately flocked to the Klondike to stake the rest of the good claims. Almost a year later, news ignited the outside world.
Detailed explanation-4: -For Seattle, the gold rush created a boom that attracted people from all over the world even after the gold rush ended. In 1890, Seattle’s population was 42, 837. By the turn of the century, that figure had almost doubled, and by 1910, the population had reached 237, 194.