Practice Quiz

CLEP US History I

Category - Economy

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The discovery of gold in California sparked tremendous economic growth for which of the following reasons?
  1. Many single men migrated to California, opening up economic opportunities in the East.
  2. It meant that currency had to be regulated across the United States.
  3. It brought a dramatic influx of gold to the American economy.
  4. Businesses in California were able to develop and flourish due to the sudden increase in population.
  5. It sparked the development of agriculture in Southern California.
Explanation
Answer: D - Most of those who made money in the Gold Rush did so through businesses. Such enterprises flourished due to the rapid population growth of mining towns. Additionally, the Transcontinental Railroad and the telegraph both made running a business nationally possible.
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