Aftermath:

The gold rushes were very important since these events stimulated shipping, commerce, and manufacturing throughout the civilized world during the second half of the 19th century. Additionally, the discovery of huge supplies of gold inflated the world’s currencies and led to most leading nations adopting the gold standard. Gold has also led to the growth of many significant cities even though the regions that these cities were located on where previous isolated, slow- growing provinces or untouched wilderness. Several examples include San Francisco, Denver, Vancouver and Melbourne. Finally, the gold rush attracted various types of transportation to sparsely populated areas and also launched the mining industry.