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The Great California Gold Rush Economic Analysis

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In less then two centuries American has grown not just by size but by its economy. With the help of many economists and ordinary people. Our economy is not just based off of money but its based off of how regular americans discover and find different way of growing it. The United State has the largest economy in the world but it didn't get there over night. It took and three factors of production natural resources, labor, capital that helped up build our economy one brick at a time. 
 Natural resources can be found all over America from dirt to diamond all the resources found help build our nation. “The great California gold rush began on January 24, 1848, when James W. Marshall discovered a gold nugget in the American River.”(California …show more content…

In 1863 slavery was no more and African american were able to work freely. “Instead of being compelled to work in the fields from sunup till sundown, they now had the options of working where they pleased.”(Dighe) In addition to them working they also had the option of buying property, clothing, animals, and more for themselves it started to grow our GDP which helped our economy greatly. The more America grew the more people saw it as the land of opportunity because of that more people migrated to american locking for jobs. “In 1913, Henry Ford installs the first moving assembly line which meant as the units move past, each worker along the line performs a specific function.”(Assembly Line) This means each worker starts at one position in the factory and stay there doing the same thing every day which makes them a professional at it. When employees become great at making or manufacturing the specific item the quality of the specific function improves tremendously. The introduction of the moving assembly line brought low prices, and consistent quality.
 The years or labor and natural resources comes along helping the United states grow and develop and greatest economy in the world was missing one thing the inventions of technology. “In1849 the phone was invented By 1900 there were nearly 600,000 phones in Bell's telephone system; that number shot up to 2.2 million phones by 1905, and 5.8 million by …show more content…

Not only did some economists help construct our economy but also when looks back in time ordinary people stood out and helped find gold in different states, or build the first assemble line, and even discover the greatest way to communicate with each other. Even though The United states is a young country it was still driven by its people to expand and build the greatest economy in the

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