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Gold Rush |
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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 Witwatersrand (wĭtwô`tərzrănd') [Afrik. ..... Click the link for more information. , South Africa (1884); and the Klondike Klondike (klŏn`dīk), region of Yukon Territory , NW Canada, just E of the Alaska border. ..... Click the link for more information. , Canada (1897–98). The excitement of the California gold-rush days has been captured in the works of Bret Harte Harte, Bret (Francis Brett Harte) (härt), 1836–1902, American writer of short stories and humorous verse, b. Albany, N.Y. ..... Click the link for more information. and Jack London London, Jack (John Griffith London), 1876–1916, American author, b. San Francisco. The illegitimate son of an astrologer and a Welsh farm girl, he had a poverty-stricken childhood, brought up by his mother and her husband, John London. ..... Click the link for more information. . BibliographySee 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). gold rushRapid 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. Gold Rush lure of instant riches precipitated onslaught of prospectors (1848, 1886). [Am. Hist.: Jameson, 203] See : Frenzy How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Hedge funds have been the gold rush of this decade--and gold rushes always attract sharp operators as well as honest prospectors. In the late 1890s, the gold rushes in Alaska and South Africa were each again followed by new upswings in the price level. The Tocantinzinho Gold Project occurs in the famous Tapajos Gold Province, the site of one of the world's largest gold rushes, which took place in northern Brazil from 1981 to 1994. |
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