During The Gold Rush, Who Profitied From Gold Other Than The People Who Found It?

Answer 1

the bars, whore houses, and shop owners in the towns that popped up around the mines! they had to spend their money somewhere :)

Answer 2

The shopkeepers, saloon owners, hookers, and such.

Because gold was readily available when it was first discovered, you had skyrocketing inflation near the mines. A $10 pick might go for $200. A ten cent loaf of bread might cost $3.00. It was what the traffic would bear.

Part of the problem was everyone wanted to get rich quick and the few who chose to provide services for the miners were few indeed. They had little competition and there was great demand for what they offered. A good home-cooked meal was something every miner wanted after a while and the women who cooked them made fortunes of their own.

Not to mention the women who made their money on their backs.....

Answer 3

As all the others said surely the economy profitted. But I wouldn't restrict it to the economy near the mines but everywhere the families of the diggers lived . Think they might have sent some money/ gold home.

Answer 4

as was said, th merchants who sold goods to the miners made out......even after bring shovels from Massachusetts by sailing ship around the southern tip of South America, Leland Stanford made enough money selling shovels and axes and picks to miners to be the leading player in building the Trans Continental Railroad and a university in California that carries his name......

Answer 5

Actually,the grocers who sold equipment like pans,shovels, mules,food,whiskey. These folks made ouit like bandits escalating the prices of goods with no federal law to stop them.