USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

WESTWARD EXPANSION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
True or False:In the California gold rush, merchants had a hard time selling their products.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

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: -Merchants: People needed supplies, and some merchants made a fortune charging exorbitant fees for goods. A general store in the Gold Rush could sell mining tools, food, clothing, medicines, and other supplies.

Detailed explanation-3: -Americans soon began “rushing” to California by land and sea before the “easy” gold disappeared. Between 1850 and 1860, California’s population grew from 92, 597 to 379, 994-a 310 percent increase!

There is 1 question to complete.