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Golden, Utah
Golden is a ghost town in Box Elder County, Utah, United States. It is located west of Park Valley, near the southern base of the Raft River Mountains. History In 1899 and 1900, several gold ore-rich strikes were made in the Raft River Mountains, and the principal camp that grew around them was named Golden. As the mining progressed, the ore changed from gold to silver, with quantities of up to per ton. The population of Golden grew to an estimated 500 residents. Decline An American financial crisis, the panic of 1907, damaged the mining industry severely. Legal tender currency was replaced with nearly worthless scrip, so the miners left. The general store moved its wares to Park Valley and Rosette, and the town was abandoned. Resurgence In 1910, several mines reopened, and the town had a short resurgence, then a boom in 1920, when a silver-rich ore was struck in Vipont. A tramway was built from the Vipont Mine to a concentrating mill, and 300 well-paid workers were hir ...
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Ghost Town
Ghost Town(s) or Ghosttown may refer to: * Ghost town, a town that has been abandoned Film and television * Ghost Town (1936 film), ''Ghost Town'' (1936 film), an American Western film by Harry L. Fraser * Ghost Town (1956 film), ''Ghost Town'' (1956 film), an American Western film by Allen H. Miner * Ghost Town (1988 film), ''Ghost Town'' (1988 film), an American horror film by Richard McCarthy (as Richard Governor) * Ghost Town (2008 film), ''Ghost Town'' (2008 film), an American fantasy comedy film by David Koepp * ''Ghost Town'', a 2008 TV film featuring Billy Drago * ''Derek Acorah's Ghost Towns'', a 2005–2006 British paranormal reality television series * Ghost Town (CSI: Crime Scene Investigation), "Ghost Town" (''CSI: Crime Scene Investigation''), a 2009 TV episode Literature * Ghost Town (Lucky Luke), ''Ghost Town'' (''Lucky Luke'') or ''La Ville fantôme'', a 1965 ''Lucky Luke'' comic *''Ghost Town'', a Beacon Street Girls novel by Annie Bryant *''Ghost Town'', a 199 ...
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Financial Crisis
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in significant changes in the real economy (e.g. the crisis resulting from the famous tulip mania bubble in the 17th century). Many economists have offered theories about how financial crises develop and how they could be prevented. There is no consensus, however, and financial crises continue to occur from time to time. Types Banking crisis When a bank suffers a sudden rush of withdrawals by depositors, this is called a ''bank run''. Si ...
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List Of Ghost Towns In Utah
This is an incomplete list of ghost towns in Utah, a state of the United States. Classification Barren site * Sites no longer in existence * Sites that have been destroyed * Covered with water * Reverted to pasture * May have a few difficult to find foundations/footings at most Neglected site * Only rubble left * All buildings uninhabited * Roofless building ruins * Some buildings or houses still standing, but majority are roofless Abandoned site * Building or houses still standing * Buildings and houses all abandoned * No population, except caretaker * Site no longer in existence except for one or two buildings, for example old church, grocery store Semi abandoned site * Building or houses still standing * Buildings and houses largely abandoned * few residents * many abandoned buildings * Small population Historic community * Building or houses still standing * Still a busy community * Smaller than its boom years * Population has decreased dramatically ...
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Stamp Mill
A stamp mill (or stamp battery or stamping mill) is a type of mill machine that crushes material by pounding rather than grinding, either for further processing or for extraction of metallic ores. Breaking material down is a type of unit operation. Description A stamp mill consists of a set of heavy steel (iron-shod wood in some cases) stamps, loosely held vertically in a frame, in which the stamps can slide up and down. They are lifted by cams on a horizontal rotating shaft. As the cam moves from under the stamp, the stamp falls onto the ore below, crushing the rock, and the lifting process is repeated at the next pass of the cam. Each one frame and stamp set is sometimes called a "battery" or, confusingly, a "stamp" and mills are sometimes categorised by how many stamps they have, i.e. a "10 stamp mill" has 10 sets. They usually are arranged linearly, but when a mill is enlarged, a new line of them may be constructed rather than extending the line. Abandoned mill sites (as ...
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Rosette, Utah
Rosette is an unincorporated ranching community in northwestern Box Elder County, Utah, United States. Description Rosette is located about west of Park Valley, south of the Raft River Mountains. The community was named by the town's first postmaster, Jonathan Campbell, in 1871. The name refers to the wild roses in the area. Climate According to the Köppen Climate Classification system, Rosette has a semi-arid climate A semi-arid climate, semi-desert climate, or steppe climate is a dry climate sub-type. It is located on regions that receive precipitation below potential evapotranspiration, but not as low as a desert climate. There are different kinds of sem ..., abbreviated "BSk" on climate maps. See also References External links Unincorporated communities in Box Elder County, Utah Unincorporated communities in Utah Populated places established in 1871 1871 establishments in Utah Territory {{Utah-geo-stub ...
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Scrip
A scrip (or ''chit'' in India) is any substitute for legal tender. It is often a form of credit. Scrips have been created and used for a variety of reasons, including exploitive payment of employees under truck systems; or for use in local commerce at times when regular currency was unavailable, for example in remote coal towns, military bases, ships on long voyages, or occupied countries in wartime. Besides company scrip, other forms of scrip include land scrip, vouchers, token coins such as subway tokens, IOUs, arcade tokens and tickets, and points on some credit cards. Scrips have gained historical importance and become a subject of study in numismatics and exonumia due to their wide variety and recurring use. Scrip behaves similarly to a currency, and as such can be used to study monetary economics. History A variety of forms of scrip were used at various times in the 19th and 20th centuries. Company scrip Company scrip was a credit against the accrued wages of employ ...
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Legal Tender
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. Some jurisdictions allow contract law to overrule the status of legal tender, allowing (for example) merchants to specify that they will not accept cash payments. Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not. Some jurisdictions may include a specific foreign currency as legal tender, at times as its exclusive legal tender or concurrently with its domestic currency. Some jurisdictions may forbid or restrict payment made by other than legal ...
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Panic Of 1907
The Panic of 1907, also known as the 1907 Bankers' Panic or Knickerbocker Crisis, was a financial crisis that took place in the United States over a three-week period starting in mid-October, when the New York Stock Exchange fell almost 50% from its peak the previous year. The panic occurred during a time of economic recession, and there were numerous runs on banks and on trust companies. The 1907 panic eventually spread throughout the nation when many state and local banks and businesses entered bankruptcy. The primary causes of the run included a retraction of market liquidity by a number of New York City banks and a loss of confidence among depositors, exacerbated by unregulated side bets at bucket shops. The panic was triggered by the failed attempt in October 1907 to corner the market on stock of the United Copper Company. When that bid failed, banks that had lent money to the cornering scheme suffered runs that later spread to affiliated banks and trusts, leading a week ...
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Silver
Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal is found in the Earth's crust in the pure, free elemental form ("native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc Refining (metallurgy), refining. Silver has long been valued as a precious metal. Silver metal is used in many bullion coins, sometimes bimetallism, alongside gold: while it is more abundant than gold, it is much less abundant as a native metal. Its purity is typically measured on a per-mille basis; a 94%-pure alloy is described as "0.940 fine". As one of th ...
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List Of Sovereign States
The following is a list providing an overview of sovereign states around the world with information on their status and recognition of their sovereignty. The 206 listed states can be divided into three categories based on membership within the United Nations System: 193 UN member states, 2 UN General Assembly non-member observer states, and 11 other states. The ''sovereignty dispute'' column indicates states having undisputed sovereignty (188 states, of which there are 187 UN member states and 1 UN General Assembly non-member observer state), states having disputed sovereignty (16 states, of which there are 6 UN member states, 1 UN General Assembly non-member observer state, and 9 de facto states), and states having a special political status (2 states, both in free association with New Zealand). Compiling a list such as this can be a complicated and controversial process, as there is no definition that is binding on all the members of the community of nations concerni ...
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