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How Much Money Was Made During The Gold Rush

The California Golden Rush was sparked by the discovery of gold nuggets in the Sacramento Valley in early 1848 and was arguably one of the most significant events to shape American history during the outset half of the 19th century. As news spread of the discovery, thousands of prospective gold miners traveled by bounding main or over land to San Francisco and the surrounding area; by the end of 1849, the non-native population of the California territory was some 100,000 (compared with the pre-1848 figure of less than 1,000). A full of $2 billion worth of precious metal was extracted from the expanse during the Gold Rush, which peaked in 1852.   .

Discovery at Sutter'south Mill

On January 24, 1848, James Wilson Marshall, a carpenter originally from New Jersey, found flakes of gold in the American River at the base of operations of the Sierra Nevada Mountains near Coloma, California. At the fourth dimension, Marshall was working to build a h2o-powered sawmill owned by John Sutter, a High german-born Swiss citizen and founder of a colony of Nueva Helvetia (New Switzerland, which would afterwards become the city of Sacramento. As Marshall later recalled of his historic discovery: "It made my centre thump, for I was certain it was gold."

Days after Marshall's discovery at Sutter's Manufacturing plant, the Treaty of Guadalupe Hidalgo was signed, ending the Mexican-American State of war and leaving California in the hands of the United States. At the time, the population of the territory consisted of six,500 Californios (people of Spanish or Mexican descent); 700 foreigners (primarily Americans); and 150,000 Native Americans (barely half the number that had been there when Spanish settlers arrived in 1769). In fact, Sutter had enslaved hundreds of Native Americans and used them as a free source of labor and makeshift militia to defend his territory and expand his empire.

Effects of the California Gold Rush: Gold Fever

Though Marshall and Sutter tried to keep news of the discovery under wraps, give-and-take got out, and by mid-March at to the lowest degree one paper was reporting that large quantities of gold were being turned up at Sutter's Manufacturing plant. Though the initial reaction in San Francisco was disbelief, storekeeper Sam Brannan gear up off a frenzy when he paraded through town displaying a vial of aureate obtained from Sutter's Creek. By mid-June, some three-quarters of the male person population of San Francisco had left town for the gold mines, and the number of miners in the surface area reached iv,000 past Baronial.

As news spread of the fortunes being made in California, some of the first migrants to arrive were those from lands accessible by boat, such equally Oregon, the Sandwich Islands (at present Hawaii), Mexico, Chile, Peru and even China. When the news reached the Due east Declension, press reports were initially skeptical. Gold fever kicked off there in earnest, however, afterwards December 1848, when President James K. Polk announced the positive results of a report made past Colonel Richard Mason, California's military governor, in his countdown address. As Polk wrote, "The accounts of abundance of gilt are of such an boggling graphic symbol as would scarcely command belief were they not corroborated by the authentic reports of officers in the public service."

The '49ers Come up to California

Throughout 1849, people around the Us (generally men) borrowed coin, mortgaged their holding or spent their life savings to brand the arduous journey to California. In pursuit of the kind of wealth they had never dreamed of, they left their families and hometowns; in plough, women left behind took on new responsibilities such as running farms or businesses and caring for their children alone. Thousands of would-be gold miners, known equally '49ers, traveled overland across the mountains or by body of water, sailing to Panama or even effectually Cape Horn, the southernmost point of South America.

Curlicue to Continue

Past the end of the year, the non-native population of California was estimated at 100,000, (every bit compared with 20,000 at the stop of 1848 and around 800 in March 1848). To suit the needs of the '49ers, gold mining towns had sprung upward all over the region, consummate with shops, saloons, brothels and other businesses seeking to make their own Aureate Blitz fortune. The overcrowded chaos of the mining camps and towns grew ever more than lawless, including rampant banditry, gambling, prostitution and violence. San Francisco, for its part, adult a humming economy and became the central metropolis of the new borderland.

The Gold Rush undoubtedly sped up California'south access to the Union as the 31st land. In late 1849, California practical to enter the Union with a constitution that barred the Southern organization of racial slavery, provoking a crunch in Congress between proponents of slavery and anti-slavery politicians. According to the Compromise of 1850, proposed by Kentucky's Senator Henry Clay, California was allowed to enter as a free land, while the territories of Utah and New United mexican states were left open to make up one's mind the question for themselves.

California'south Mines Afterwards the Golden Blitz

Later on 1850, the surface gold in California largely disappeared, even equally miners continued to get in. Mining had always been difficult and dangerous labor, and hitting it rich required skilful luck as much every bit skill and difficult piece of work. Moreover, the average daily take for an contained miner working with his pick and shovel had by and so sharply decreased from what it had been in 1848. Equally gilt became more than and more than difficult to reach, the growing industrialization of mining collection more and more miners from independence into wage labor. The new technique of hydraulic mining, developed in 1853, brought enormous profits but destroyed much of the region'due south landscape.

Though gilt mining continued throughout the 1850s, it had reached its top by 1852, when some $81 million was pulled from the ground. After that year, the total accept declined gradually, leveling off to around $45 one thousand thousand per year past 1857. Settlement in California continued, nonetheless, and by the end of the decade the country's population was 380,000.

Environmental Impact of the Gold Rush

New mining methods and the population boom in the wake of the California Gold Rush permanently altered the landscape of California. The technique of hydraulic mining, developed in 1853, brought enormous profits simply destroyed much of the region'southward landscape. Dams designed to supply water to mine sites in summer altered the grade of rivers away from farmland, while sediment from mines clogged others. The logging industry was built-in from the need to construct extensive canals and feed boilers at mines, further consuming natural resource.

Sources

Environmental Impact of the Gold Rush. Calisphere.org.

After the Gold Rush. National Geographic.

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Source: https://www.history.com/topics/westward-expansion/gold-rush-of-1849

Posted by: barkercamigat.blogspot.com

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