Commodities Boom
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Commodities Boom
This is a list of economic booms created by commodities In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a comm .... References {{Gold rush ...
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Guano Era
The Guano Era refers to a period of stability and prosperity in Peru during the mid-19th century. It was sustained on the substantial revenues generated by the export of guano and the strong leadership of president Ramón Castilla. The starting date for the guano era is commonly considered to be 1845, the year in which Castilla started his first administration. It ended shortly after the war between Spain and Peru in 1866. Invasion of Bolivia Agustín Gamarra, named president by Congress, was anxious to once again attempt to unite Peru with Bolivia, however this time under Peruvian governorship rather than by confederation. He invaded Bolivia in 1841 with the Battle of Ingavi commencing a war between the two countries. In the process he died during the Battle of Ingavi. At his death, a state of discord ran through Peru, with various military caudillos claiming themselves president. Time of peace and prosperity 20 April 1845, Ramon Castilla assumed the presidency. His governm ...
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Otago Gold Rush
The Otago Gold Rush (often called the Central Otago Gold Rush) was a gold rush that occurred during the 1860s in Central Otago, New Zealand. This was the country's biggest gold strike, and led to a rapid influx of foreign miners to the area – many of them veterans of other hunts for the precious metal in California and Victoria, Australia. The rush started at Gabriel's Gully but spread throughout much of Central Otago, leading to the rapid expansion and commercialisation of the new colonial settlement of Dunedin, which quickly grew to be New Zealand's largest city. Only a few years later, most of the smaller new settlements were deserted, and gold extraction became more long-term, industrialised-mechanical process. Background Previous gold finds in New Zealand Previously gold had been found in small quantities in the Coromandel Peninsula (by visiting whalers) and near Nelson in 1842. Commercial interests in Auckland offered a £500 prize for anyone who could find payable qu ...
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Pennsylvania
Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio to its west, Lake Erie and the Canadian province of Ontario to its northwest, New York to its north, and the Delaware River and New Jersey to its east. Pennsylvania is the fifth-most populous state in the nation with over 13 million residents as of 2020. It is the 33rd-largest state by area and ranks ninth among all states in population density. The southeastern Delaware Valley metropolitan area comprises and surrounds Philadelphia, the state's largest and nation's sixth most populous city. Another 2.37 million reside in Greater Pittsburgh in the southwest, centered around Pittsburgh, the state's second-largest and Western Pennsylvania's largest city. The state's su ...
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Fossil Fuel
A fossil fuel is a hydrocarbon-containing material formed naturally in the Earth's crust from the remains of dead plants and animals that is extracted and burned as a fuel. The main fossil fuels are coal, oil, and natural gas. Fossil fuels may be burned to provide heat for use directly (such as for cooking or heating), to power engines (such as internal combustion engines in motor vehicles), or to generate electricity. Some fossil fuels are refined into derivatives such as kerosene, gasoline and propane before burning. The origin of fossil fuels is the anaerobic decomposition of buried dead organisms, containing organic molecules created by photosynthesis. The conversion from these materials to high-carbon fossil fuels typically require a geological process of millions of years. In 2019, 84% of primary energy consumption in the world and 64% of its electricity was from fossil fuels. The large-scale burning of fossil fuels causes serious environmental damage. Over 80% of t ...
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Petroleum
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by distillation, into innumerable products for direct use or use in manufacturing. Products include fuels such as gasol ...
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Pennsylvania Oil Rush
The oil rush in America started in Titusville, Pennsylvania, in the Oil Creek (Allegheny River), Oil Creek Valley when Edwin L. Drake struck "rock oil" there in 1859. Titusville and other towns on the shores of Oil Creek expanded rapidly as oil wells and oil refineries, refineries shot up across the region. Oil quickly became one of the most valuable commodities in the United States and railroads expanded into Western Pennsylvania to ship petroleum to the rest of the country. By the mid-1870s, the oil industry was well established, and the "rush" to drill wells and control production was over. Pennsylvania oil production peaked in 1891, and was later surpassed by western states such as Texas and California, but some oil industry remains in Pennsylvania. Pre-rush history Pre-Pennsylvania Rock Oil Company Before petroleum was used as a fuel, oil had many uses. In Pennsylvania, the Indigenous peoples of the Americas, Native American tribes had been using oil from seeps for several ...
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Australian Gold Rushes
During the Australian gold rushes, starting in 1851, significant numbers of workers moved from elsewhere in Australia and overseas to where gold had been discovered. Gold had been found several times before, but the colonial government of New South Wales (Victoria did not become a separate colony until 1 July 1851) had suppressed the news out of the fear that it would reduce the workforce and so destabilise the economy. After the California Gold Rush began in 1848, many people went there from Australia, so the New South Wales government sought approval from the British Colonial Office for the exploitation of mineral resources, and offered rewards for finding gold. History of discovery The first gold rush in Australia began in May 1851 after prospector Edward Hargraves claimed to have discovered payable gold near Orange, at a site he called Ophir. Hargraves had been to the Californian goldfields and had learned new gold prospecting techniques such as panning and cradling. H ...
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British Columbia
British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, forests, lakes, mountains, inland deserts and grassy plains, and borders the province of Alberta to the east and the Yukon and Northwest Territories to the north. With an estimated population of 5.3million as of 2022, it is Canada's third-most populous province. The capital of British Columbia is Victoria and its largest city is Vancouver. Vancouver is the third-largest metropolitan area in Canada; the 2021 census recorded 2.6million people in Metro Vancouver. The first known human inhabitants of the area settled in British Columbia at least 10,000 years ago. Such groups include the Coast Salish, Tsilhqotʼin, and Haida peoples, among many others. One of the earliest British settlements in the area was Fort Victoria, established ...
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British Columbia Gold Rushes
British Columbia gold rushes were important episodes in the history and settlement of European, Canadian and Chinese peoples in western Canada. The presence of gold in what is now British Columbia is spoken of in many old legends that, in part, led to its discovery. The Strait of Anian, claimed to have been sailed by Juan de Fuca for whom today's Strait of Juan de Fuca is named, was described as passing through a land (Anian) "rich in gold, silver, pearls and fur". Bergi (meaning "mountains"), another legendary land near Anian, was also said to be rich in gold as well. Speculative maps of northwestern North America published before the area was mapped placed the legendary golden cities of Quivira and Cibola in the far inland northwest. No Spanish exploration parties in search of El Dorado, "the golden one" a reference to the legendary king of a lost golden city, are known to have ever reached British Columbia, although archaeological remains point to a brief Spanish presence in th ...
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California
California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territories of the United States by population, most populous U.S. state and the List of U.S. states and territories by area, 3rd largest by area. It is also the most populated Administrative division, subnational entity in North America and the 34th most populous in the world. The Greater Los Angeles area and the San Francisco Bay Area are the nation's second and fifth most populous Statistical area (United States), urban regions respectively, with the former having more than 18.7million residents and the latter having over 9.6million. Sacramento, California, Sacramento is the state's capital, while Los Angeles is the List of largest California cities by population, most populous city in the state and the List of United States cities by population, ...
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California Gold Rush
The California Gold Rush (1848–1855) was a gold rush that began on January 24, 1848, when gold was found by James W. Marshall at Sutter's Mill in Coloma, California. The news of gold brought approximately 300,000 people to California from the rest of the United States and abroad. The sudden influx of gold into the money supply reinvigorated the American economy; the sudden population increase allowed California to go rapidly to statehood, in the Compromise of 1850. The Gold Rush had severe effects on Native Californians and accelerated the Native American population's decline from disease, starvation and the California genocide. The effects of the Gold Rush were substantial. Whole indigenous societies were attacked and pushed off their lands by the gold-seekers, called "forty-niners" (referring to 1849, the peak year for Gold Rush immigration). Outside of California, the first to arrive were from Oregon, the Sandwich Islands (Hawaii) and Latin America in late 1848. Of th ...
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