This change in rate of growth for exports in Great Britain was a cause for competition in Africa among the European countries with the resources Africa was providing such as copper, zinc, lead, and coal. Which were used for coins, metal alloys, electrical wiring, rust protection, and ammunition fuels. A lot in which Great Britain was lacking in. (Doc
Not only did around 300,000 people come to California to mine gold. Towns and cities grew where the gold was. A lot of people made money selling mining gear to the people who came to mine gold. There needed to be banks, food stores, and supplies stores where the gold was, So town 's got created from gold mining. That is how
Also about 2 billion money worth of gold was extracted during these times. Sam Brannan created the hype for gold, so he can sell his mining supplies to the miners, he made more than for panning for gold. The gold rush also created the levi’s pants. Also the growth of many cities in the california region grew including San Francisco.
Consequently, these countries now controlled the resources found in their respective colonies. European industries, especially those of food, textiles, and automotive, significantly benefited from Africa’s plentiful cotton, palm oil, sugar, metals, rubber, and so on (Document D). Several countries, such as Great Britain, would profit over $20 million yearly in exports following African colonization (Document E). Gaining abundant resources through the colonization of Africa was essential for European industries to survive economically. Africa’s resources were the principal factor that drove European
Name of Industrialist: Andrew Carnegie (Steel Company) How did he acquire his wealth? Carnegie frequently recognized as one of the wealthiest person ever. He made big bucks from oil business. He also led the growth of the American steel company in the late 19th century. How he (or his related industries) treated workers.
Out of all these resources they made lots of products and made money off of it. The money allowed them to buy resources and products to sell them and increase their economics. It allowed them to give their people wealth too.” Great Britain made 3 million dollars in 1854 and 21 million in 1900”, (Doc E). Document E shows they earned money from taking Africa's exporting to make their empire more bigger.This shows that economics helped them get things and expand their land. Without economics there would be no competition or politics.
This led to the rise of a prominent American consumer culture, which was a driving force in the great economic growth of the Gilded Age. During this time period, rapid expansion westward, centered around railroads (the total length of which doubled between 1865 and 1873) helped to expand markets and transport materials. Furthermore, there was no shortage of materials to transport and process. For example, the United States was producing four times as much crude iron as Britain by the year 1900. Due to this
Then, on January 24, 1848, James Marshall struck gold, and this time there was nobody demanding they get their hands on it. He could just take the gold and enjoy it himself. This fact lead to thousands of people migrating so they could get rich in America, and that lead to vast industrial growth and ultimately helped make America a
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.
California is known for many great events, but the biggest one of them all would probably be the gold rush. The gold rush started when the first amount of gold was found in 1848. The news of this gold also brought people from everywhere to california. The gold rush did not just have people finding gold, but these people also built little towns. In the towns came people that had built and managed stores.