Gold Discovery California
About Gold Discovery California
James Marshall discovered gold at Sutters Mill on January 24, 1848, triggering the California Gold Rush. Over 300,000 people flocked to California. The gold influx expanded the US money supply and caused inflation. San Francisco grew from 200 to 36,000 people in six years. The rush financed railroads, farms, and factories. California became a state in 1850. The economic impact extended globally, as gold from California and Australia boosted the world money supply. The Gold Rush devastated Native American populations through disease, violence, and displacement. Levi Strauss made his fortune selling durable pants to miners.
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