Impact Of The Gold Rush In California

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The huge influx of people into California, especially the city of San Francisco, opened up many more opportunities in the economic scheme of things. Manufacturing, trade, merchant businesses, agriculture, entertainment market, and the newly formed banks and financial institutions all flourished and prospered because of the gold rush. The economy in California blossomed. The national economy also was impacted by the gold rush and did well because many companies across the country invested, in some way, shape or form, in the gold rush.
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