How did people get rich from the Gold Rush?

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Did people actually get rich?

Did individuals just turn in gold from gold panning and were rich or were a select few rich because they found gold in a mine they owned?

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Anonymous 0 Comments

Most of the people that got rich did it by selling things to the miners or providing services. The two biggest examples are Levi Strauss (as in Levi jeans) and the Wells Fargo bank that got their start in the California gold rush. Aside from that there are plenty of people that applies food, construction, and transportation as the 500 person town of Yerba Buena exploded into the 150k city of San Francisco in less that 5 years.

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