Guide Note: The California Gold Rush, was the influx of settlers from all over the world after the discovery of gold in California by John Sutter in 1848. It lasted until about 1856.
Fast Facts:
- 90,000 settlers came to California between 1848 and 1849
- By 1854 over 300,000 settlers had come
- $465 million in gold was found between 1848 and 1865
- $465 million in 1865 is equivalent to $5,936,922,102.60 in 2006
- Merchants and saloon keepers were the first bankers
- The Chinese population increased dramatically in this time also