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The California Gold Rush

Decent Essays

Thesis
The gold rush made California a commercial assemble and draws a lot of attention around the globe by forming multicultural communities that still exist today. The huge amount of travelers from the world largely regenerate the economy of the Pacific Northwest and brought wealth to North America. However, in other perspectives, it was also a terrible loss to human life. The harsh conditions in Alaska have led to hundreds of prospectors being killed and the severe diseases they carried decimated the native people. Furthermore, the gold rush reflects how terrible consequences greediness can cause when profit reaches 100%.

Gold Rush of 1849

Population shift causes multicultural communities that still exist today
California became a diverse …show more content…

There are mainly two groups:
People around California travel to seek for gold. (Eg. Mexican, English, Eastern European, South American, Hawaiian)
Native Americans and Chinese were hired by others to do work for them, but with extremely low wages.
With so many immigrants from the world, new cultures were being spread in a very short time and people easily accepted them.
By 1849, more than 25, 000 people had immigrated to California in the hope of gaining sudden wealth.
Quote:
"All classes, freed in a great measure from conventional restriction, appear in their true garbs." - Historian Frank Marryat.
"It seems as though every nation on the face of earth has sent a representative to this place." -Samuel Upham after he arrived in Happy Valley
People quit from work and go mine for gold.

Population Shift causes a terrible loss to human life
Harsh conditions in Alaska have led to hundreds of prospectors being killed

Severe diseases carried by the prospectors decimated the native people

Economy Impacts - (Traveller that regenerate the economy)
Rapid Emergence of Mining Industry and flourish economy
Entrepreneurs opened business that catered to miners' needs
Equipment and tools that miners need for …show more content…

People open stores for the people who immigrate to seek better wealth. However, the local supply couldn’t provide a diversified market for the local industry, the inelastic demand and high consumption power stimulated the growth of the vertical integration simultaneously.
Vertical integration refers to an strategy where a company expand its business operations into several steps but on the same production, in other words, the company owns the distributor/supply chain.
What is good about the vertical integration is that vertical integration can help enterprises reduce costs and improve efficiencies by reducing transportation expanses and turnaround time. Sometimes, however, a company relies on existing expertise and economics scale of other vendors rather than vertical integration since they are more effective and practical.
The rise of consumption power
The increase of active transportation within the country
Lack of diversification of local market supply
Examples of commercial assemble:
Shovel Store near the diggings that sold digging tools with expensive

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