Gold Fever In 1848 Gold Prices 2011 Together With The Increase Of California

Gold Fever In 1848, Gold Prices 2011, And The Growth Of CaliforniaOne January day in 1848, a man referred to as James Marshall was inspecting a saw mill under construction for his employer. Out of the blue he noticed an extraordinary rock sparkling in the overturned earth. Was this a piece of gold? Marshall tried to break up the rock having a hammer. It didn't crack, but it dented… like gold. The woman who cooked for the saw mill construction crew threw the nugget into a pot of lye. The rock boiled for a day, but it did not change color... like gold. Then the mill's owner, John Sutter, conducted a few tests. Everyone agreed: this seemed to be gold. Wherever did the gold come from? The Sierra Nevada Mountains held stores of the useful metal. Over tens flying shark balloon of thousands of years, water had loosened gold nuggets, and mountain streams washed them to stream beds below. Sutter's property was nestled between two rivers and was rich with opportunity. Sutter swore his personnel to secrecy. With 39,000 acres rc flying shark of land, he had plans to build an agricultural empire. But somehow, word trickled out. Ultimately news of the gold-laced soil reached the small town of San Francisco. There a paper publisher shouted down the streets, “Gold from the American River!” Within 3 days of the news arriving, 400 of the 600 settlers had left to trample Sutter's land. By the end of the year, gold prospectors traveled to California from as far as Oregon, Hawaii, Mexico, and Chile. And around that time, news of the gold reached states within the East. President Polk confirmed the discovery in December of 1848. The Gold Rush became a national and also global phenomenon. The prospectors of 1849 (and later) became known as forty-niners. Numerous traveled to California by land. Because these were pre-railroad days, individuals coming from Canada, Mexico, and the eastern United States faced a six to nine month journey. Nonetheless, at least 32,000 actually walked to California in 1849, Flying angry bird and about 44,000 more arrived in 1850. Others, such as South Americans, faced an arduous journey by sea. They suffered storms, shipwrecks, hunger and thirst, disease, and overcrowding. After that, some still faced mule rides via jungles and deserts! Still, in much less than a year, about 40,000 people arrived in San Francisco from overseas. The fresh arrivals constituted a dramatic change in California's population. In 1848, California had been home to approximately 100,000 people, most of whom were Native Americans. Inside two years the state population more than doubled, and it now housed people from numerous backgrounds. People set up mining S107 helicopter camps in promising areas, and named them spirited names like Hell's Delight and Hangtown. Some people found golden fortune in the California riverbeds. Lucky forty-niners panned flakes and nuggets worth a fortune. However, many people did not become wealthy in the Gold Rush. When gold was found, the cache was usually cleared rapidly by just a few. James Marshall had little success as a miner, and he died impoverished. John Sutter, who had once owned 39,000 acres, left California in hefty debt after miners trampled his land. Some individuals profited not through mining, but from charging miners for supplies and services. With a number of wealthy miners around, businesspeople could earn $2 for a pound of sugar, or $25 for a home-cooked meal! And when the gold ran out, numerous miners remained in California to form companies too, or to farm the new state's fertile valleys. By just 1856, San Francisco boasted a modern population of over 50,000 people. California had turned out to be the most exciting state in the nation.