For what reasons did the California gold rush end?
The California Gold Rush of 1848-1855 saw over 300,000 migrants arrive within the state in an extraordinarily short amount of time. The vast increase in population saw cities such as San Francisco go from small towns of around 800-1000 people to a city of over 30,000 inhabitants in a period of only two years. At first it was easy for individuals to make a living off of the abundant amount of gold in the region, which was so plentiful that it could literally be picked up off the ground, but eventually the market became saturated. By 1855, the sheer amount of workers in the state led to the gold supplies becoming depleted and so more advanced techniques began to become used by wealthy mining companies in order to procure the gold. With this oversaturation of workers, the gold rush eventually came to an end, but not before creating one of the largest and most profitable states in the entirety of the United States