Comments: For the economics of Gold Rush, tell me more about the economics of the mining camps (prices and such). Also, tell me what effect the gold rush had on places like California. (A lot of people moved there)
Economic Effects:Mountain Men: There were many men that took the journey to the west. Beaver skin was in high demand, so they mountain men thought about this. They killed the beavers that they found along the journey. They used the the fur from the beavers to sell to other travelers. The mountain men would meet at rendezvous to trade their furs with other travelers.
California Gold Rush:
James Marshall discovered gold at Sutter's Mill in 1848. There were many people that heard about the new discovery. Those people moved west because of the gold, which led to a great increase in the population. Having found the gold, there was a need for jobs as miners to recover the gold. The jobs as miners filled up quickly because a lot of people wanted the money that came along with the job. . The miners made a lot of money because of the demand of gold. But that money didn't last long because of the high prices at the mining camp. Their are high prices because it's hard to get food in the mines and that is the only food that is available.
Economic Effects:Mountain Men:
There were many men that took the journey to the west. Beaver skin was in high demand, so they mountain men thought about this. They killed the beavers that they found along the journey. They used the the fur from the beavers to sell to other travelers. The mountain men would meet at rendezvous to trade their furs with other travelers.
California Gold Rush:
James Marshall discovered gold at Sutter's Mill in 1848. There were many people that heard about the new discovery. Those people moved west because of the gold, which led to a great increase in the population. Having found the gold, there was a need for jobs as miners to recover the gold. The jobs as miners filled up quickly because a lot of people wanted the money that came along with the job. . The miners made a lot of money because of the demand of gold. But that money didn't last long because of the high prices at the mining camp. Their are high prices because it's hard to get food in the mines and that is the only food that is available.