Gold Rush (redirected from Gold boom)

gold rush, influx of prospectors, merchants, adventurers, and others to newly discovered gold fields. One of the most famous of these stampedes in pursuit of riches was the California gold rush. The discovery of gold at Sutter's Mill early in 1848 brought more than 40,000 prospectors to California within two years. Although few of them struck it rich, their presence was an important stimulus to economic growth. Agriculture, commerce, transportation, and industry grew rapidly to meet the needs of the settlers; mining, too, soon became big business as corporations replaced the individual prospector. Vigilante justice and ad hoc political structures quickly gave way to the complex organization of state government. Other large gold rushes took place in Australia (1851–53); Witwatersrand, South Africa (1884); and the Klondike, Canada (1897–98). The excitement of the California gold-rush days has been captured in the works of Bret Harte and Jack London.

Bibliography

See O. Lewis, Sea Routes to the Gold Fields (1949); E. Wells and H. Peterson, The '49ers (1949); P. Barton, The Klondike Fever (1958); R. W. Paul, ed., The California Gold Discovery (1966); D. B. Chidsey, The California Gold Rush (1968); H. W. Brands, The Age of Gold (2002); D. L. Walker, Eldorado: The California Gold Rush (2003).

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gold rush

Rapid influx of fortune seekers to the site of newly discovered gold deposits. In North America, the first major gold strike occurred in California in 1848, when John Marshall, a carpenter building a sawmill for John Sutter, found gold. Within a year about 80,000 “forty-niners” (as the fortune seekers of 1849 were called) had flocked to the California gold fields, and 250,000 had arrived by 1853. Some mining camps grew into permanent settlements, and the demand for food, housing, and supplies propelled the new state's economy. As gold became more difficult to extract, companies and mechanical mining methods replaced individual prospectors. Smaller gold rushes occurred throughout the second half of the 19th century in Colorado, Nevada, Idaho, Montana, South Dakota, Arizona, and Alaska, resulting in the rapid settlement of many areas; where gold veins proved small, the settlements later became ghost towns. Major gold rushes also occurred in Australia (1851), South Africa (1886), and Canada (1896). See also Klondike gold rush.

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Gold Rush

lure of instant riches precipitated onslaught of prospectors (1848, 1886). [Am. Hist.: Jameson, 203]

See : Frenzy