Lec 6 - 1/31/06 Imperial San Francisco Mining and the Queen...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1/31/06 Imperial San Francisco Mining and the Queen City of the West Lecture 6 Nature’s Metropolis o Golden Opportunity Built on the wealth of nature Gold was lying around in the river (Placer Gold) The World of the 49s Opportunity , Money , Government , Cosmopolis , Boy’s Town , Escape from Past Last gasp of the Old Republic Land for taking Quick wealth Gold Country developed a number of towns Placerville, Auburn, Grass Valley San Francisco became the gateway to the gold country The winds blow ships towards SF, not Marin, that’s why SF developed despite geographic similarities with Marin Ships docked on the shore and gold miners just abandon the ship Became warehouse ships, eventually burn down, then fill in o Now makes the infill shore of San Francisco 1855, Pacer Gold runs out Two Thirds of miners leave Turns to hydraulic mining o Takes capital and makes capital Deep Mining o Comstock Lode (Silver) o Mine Workers Virginia City used to be part of California, now in Nevada New Almaden Near San Jose Mercury Mine o Needed to extract gold and silver out of dirt o Leeks into the Almaden creek to the Guadalupe River to the South Bay. 1880, mining ends Silver prices collapse due to gold standard Hydraulic Mining outlawed o Caused flooding due to filling of rivers with dirt o Mining Capital The mining flooded the market with silver Only silver and gold coins used up till the late 19 th century when paper money was introduced 1860s - 1880s, silver lost monetary value as US went on Gold Standard o Resulted in slow in inflation Inflation was preferred in states with debt Inflation makes debt easier to pay back Ghost Towns the result of the end of Silver boom o Resource Industries SF becomes biggest city in the 1880s
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/02/2008 for the course GEOG 50AC taught by Professor Walker during the Spring '06 term at University of California, Berkeley.

Page1 / 4

Lec 6 - 1/31/06 Imperial San Francisco Mining and the Queen...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online