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The California gold rush (1848–1855) began on January 24, 1848, when gold was found by James W. Marshall at Sutter's Mill in Coloma, California. [1] The news of gold brought approximately 300,000 people to California from the rest of the United States and abroad. [ 2 ]
The 1848 and 1849 gold rushers were just the first of many more as many more sought to seek their fortunes during the California Gold Rush, which continued for several years as miners found about $50,000,000 worth of gold (at $21/troy oz) each year.
Within the first five years of the Gold Rush, an estimated 12 million ounces of gold were extracted from the Californian soil. Because the price of gold was fixed in dollar terms at $20.67 per ...
Gold: the California story. Berkeley and Los Angeles: University of California Press. ISBN 0-520-21547-8. Rawls, James J. and Orsi, Richard J. (eds.) (1999). A golden state: mining and economic development in Gold Rush California (California History Sesquicentennial Series, 2). Berkeley and Los Angeles: University of California Press.
During the peak years of the gold rush, the population of indigenous people in California dropped from some 150,000 to roughly 31,000, according to the International Indian Treaty Council.
The monument (CHL No. 441) in Burnt Wagons, California, marking the site where the group killed their oxen and burned their wagonsThe Death Valley '49ers were a group of pioneers from the Eastern United States that endured a long and difficult journey during the late 1840s California Gold Rush to prospect in the Sutter's Fort area of the Central Valley and Sierra Nevada in California.
Avid coin collectors jumped at the chance to get their hands on a rare $20 “double eagle” gold coin at a Southern California auction house Tuesday afternoon, but only one walked away ...
Setting off on April 16, the Gila Expedition entered what is today Arizona only to be besieged and defeated in September after a series of skirmishes. The expedition was a failure and due to the inflated prices caused by the gold rush, cost the State of California 113,000 dollars, a sum which nearly bankrupted the state. [citation needed]