The gold created fortunes that funded the railroads and the mining magnates of Virginia City, shaping modern life for the coming century. ".The wealth that came from the gold transformed San Francisco almost overnight into one of the world's major cities. Importantly, the wealth and prosperity that was stimulated by the discovery of gold was to change the region in a very short period of time. While most of the gold seekers did not "strike it rich" there were a number who amassed considerable fortunes. "(Color in the River) Another study states that, " The discovery of gold at Sutter's Mill early in 1848 brought more than 40,000 prospectors to California within two years. By the end of 1860, California's population stood at 380,000. Between 18, 150,000 settled in the Golden State. However by the end of 1849, ".almost 90,000 more had arrived. For example, prior to the discovery of gold in 1848 the number of settlers in California was estimated at only 2,700. Records of the popualtion in the territory during this period show the extent of the influx of people to California in search of their fortune. There was an unprecedented rush of thousands of people to the area and this was increased by the fact that there were no laws in place and no restrictions on the influx of gold seekers. Paper NOW! ⬇️ TOPIC: Term Paper on California Gold Rush AssignmentThe news of the discovery of gold find spread rapidly. Another important aspect is that at the time the area was still under Mexican control but on the territory was ceded to the United States by the Treaty of Guadalupe Hidalgo a factor that further opened the way for more gold seekers. After the discovery intended he to create a secluded community in the area but the news of the gold drew thousands of gold seekers to the area. At the time Marshall was operating a sawmill near Sacramento. In 1848 James Marshall discovered gold near the American River, in present - day Sacramento. The influx of thousands of people into California in search of gold ".transformed not only the economic history of California, but much of its social, cultural, and political history as well." (Color in the River) This paper will present an overview of the California gold rush and the various ways that it influenced the course of growth and development in the region. (Color in the River) The effects of this event had a far-reaching impact on the social structure of the region and also on economic, political, judicial aspects, as well as the cultural development of California. This historical event is even described as "epoch-making. The discovery of gold in Caliornia was an event that changed the region and which had a profound impact on the country as a whole.
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