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Gold was money then (all currency was backed by gold or silver) with one ounce of gold worth $20.00 and you could buy 'anything' by weighing out the appropriate amount of gold and paying for it. Nearly all businesses then had a gold scale for making transactions right on the premises. You could also take it to the bank and deposit it or convert it to paper or silver money. Or you (or your bank) could take it to the mint and have it converted into gold coins. Eventually most California, Nevada etc. gold was transferred to the East Coast or Europe to pay for all the goods purchased by it.
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What was the cost of gold in 1849?
In 1849, one troy ounce of gold was worth $20. A $20 coin contained .9675 ounce of pure gold.
Near which state capital in the west was gold discovered in 1849?
Sacramento, California is the state capital in the west where they discovered gold in 1849.
Why were they called fortyniners?
The forty niners were called the forty niners because the gold rush was in 1849.
How much is gold from the 1849?
Please be more specific
How did miners and shopkeepers weigh gold in 1849?
hello life on the gold feilds were hard
What state was there a great gold rush in 1849?
The 1849 Gold Rush occurred mainly in California, lasting until around 1855.
California gold rush -1849 where did it happen?
. . . California Hence the name. If you mean where in California then all over mainly in the central region
Which event brought many people to California in the year 1849?
The gold rush of 1849
Why did they call the gold miners 49ers?
The term "49ers" was used to refer to the gold miners who migrated to California in 1849 during the California Gold Rush. The name comes from the year 1849, which was the peak of the migration when thousands of people rushed to California in search of gold.
What was the cost of gold in 1849?
In 1849, one troy ounce of gold was worth $20. A $20 coin contained .9675 ounce of pure gold.
How much did 1 pound of gold cost in 1849?
2,666 American dollars was what 1 pound of gold was worth in 1849
What is gold mainly used for?
Gold is mainly used for making coins, jewelry ect. It is always very widely used in electronic device production as very good conductors .
In 1849 thousands of Americans traveled to California to?
Gold was discovered in northern California.
What was the year for the gold rush?
1849
Just when was gold discovered?
1849
Where was a 1849 gold rush?
California
When was the discovery of the gold rush?
1849
