The California Gold Rush was one of the most exciting periods in the state’s history. From the time the first gold chunk was discovered by James W. Marshall at Sutter’s Mill in Coloma, California in 1848 to the time the last miner gave up hope in 1855, California was the place to be. Thousands migrated to the state from all over the country (and world!) in the hope of striking it big and discarding their lives of poverty for ones of affluent wealth.

Gold refineries in the United States began to pop up all over, from the west coast to the east coast and everywhere in between. The gold-seekers, often referred to as “forty-niners,” came from all over the world and totaled 300,000.  Most sustained incredible hardships during the trek to California. Some suffered terribly from disease, and many died before even arriving in the state. Initially, gold could literally be picked up off the ground, but as more and more settlers began to arrive in the state, a more complex mining process was required.

At the peak of the gold rush, significant financing was required. Gold refineries in the United States and gold companies began to form, and the proportion of gold miners to companies increased. Towards the end of the gold rush, tens of billions of today’s dollars of gold were recovered, and the majority of it went to those at the top. Many who worked their hands to the bone for years, returned home with little more than what they arrived to the state with.

The effects of the gold rush on the state were substantial. San Francisco grew from a small settlement of only 200 residents to a boomtown of about 86,000. This massive growth occurred in only six years. Roads, churches and other structural components were built throughout California, and in 1849 a state Constitution was written. California officially became a state in 1850 as a part of the Compromise of 1850, and almost all the growth and consolidation can be attributed to the Gold Rush.

In addition to the immense growth of the state, California began to incorporate all types of new and innovative means of transportation. Steamships came into regular service, and by 1869, railroads were built across the country. Agriculture expanded to meet the needs of new settlers, and California became a state not only rich in gold, but rich in opportunity.

Even to this day, hundreds move to California each year in the hopes of striking it rich. Although now those hoping to make it big aren’t mining for gold, but are auditioning for movies and television shows or hoping to get signed to a record label, California will always be a place that those with a hunger for gold call home.