Gold Rush

A gold rush is a period of feverish migration of workers to an area that has had a dramatic discovery of gold deposits. Major gold rushes took place in the 19th century in Australia, Brazil, Canada, South Africa, and the United States, while smaller gold rushes took place elsewhere.

In the 19th and early 20th centuries, there were several major gold rushes. The permanent wealth that resulted was distributed widely because of reduced migration costs and low barriers to entry. While gold mining itself was unprofitable for most diggers and mine owners, some people made large fortunes, and the merchants and transportation facilities made large profits. The resulting increase in the world's gold supply stimulated global trade and investment. Historians have written extensively about the migration, trade, colonization, and environmental history associated with gold rushes.

Gold rushes were typically marked by a general buoyant feeling of a "free for all" in income mobility, in which any single individual might become abundantly wealthy almost instantly, as expressed in the California Dream.

Gold rushes helped spur a huge immigration that often led to permanent settlement of new regions and define a significant part of the culture of the Australian and North American frontiers. As well, at a time when the world's money supply was based on gold, the newly-mined gold provided economic stimulus far beyond the gold fields.

Gold rushes presumably extend back as far as gold mining, to the Roman Empire, whose gold mining was described by Diodorus Siculus and Pliny the Elder, and probably further back to Ancient Egypt.

Read more about Gold Rush:  Life Cycle of A Gold Rush, Mining Industry Today

Other articles related to "gold rush, gold, rush":

Notable Gold Rushes By Date - Rushes of The 2000s
... Great Mongolian Gold Rush, Mongolia (2001) Apuí Gold Rush, Apuí, Amazonas, Brazil (2006) approximately 500,000 miners are thought to work in the Amazon's "garimpos" (gold mines) ... Peruvian Amazon gold rush, Madre de Dios (2009) ...
Santa Catalina Island, California - History - Catalina's Gold Rush
... and Stephen Bouchette, are responsible for the Island's short-lived gold rush ... promising samples and, shortly before he died in 1854, told some discouraged 1849 Gold Rush miners ... Prentiss, Catalina's first non-native permanent resident, was told of a buried gold treasure ...
Steamboats Of The Yukon River - Gold Rush
... The discovery of gold on Rabbit Creek at Dawson City prompted Klondike Gold Rush ... Thousands of gold seekers headed north ...
Alaska Gold Rush (disambiguation) - Gold Rushes
... Klondike Gold Rush (Yukon, 1896-1899) Nome Gold Rush (Alaska, 1899-1909) Fairbanks Gold Rush (Alaska, 1902-1905) ...
Chalk Creek - History
... The river has a history tied to the gold and silver rush in Colorado in the 1800s ... Along the river, several towns sprouted along with the influx of gold prospectors ... towns that were founded and flourished with the gold rush ...

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