Saturday, December 13, 2025 | 09:53 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

How the gold rush of the 19th century shaped the modern-day world

Between Sutter's Mill in January 1848, and the Klondyke (in remote Northwestern Canada) in the late 1890s, the 19th century was regularly subject to gold rush

The Conversation logo
premium

Benjamin Wilson Mountford and Benjamin Wilson Mountford | The Conversation
This year is the 170th anniversary of one of the most significant events in world history: the discovery of gold at Sutter’s Mill in Coloma, California. On January 24, 1848, while inspecting a mill race for his employer John Sutter, James Marshall glimpsed something glimmering in the cold winter water. “Boys,” he announced, brandishing a nugget to his fellow workers, “I believe I have found a gold mine!”

Marshall had pulled the starting trigger on a global rush that set the world in motion. The impact was sudden – and dramatic. In 1848 California’s non-Indian population was around