What Was Horace Tabor's Role In Colorado Silver Mining?

Children. The single men locked their doors and left for “Sutter’s Fort,” and from there to the Eldorado.” (THE DISCOVERY OF GOLD IN CALIFORNIA.). Men were faced with the challenge of leaving their families in the search for wealth, as a result this left women and children defenseless without any kind of protection from their husbands or fathers as well as financial trouble since men made all the income. The early prospectors knew that they would be leaving a steady job

The Gold Standard was the framework by which the value of cash was characterized in terms of gold, for which the money could be traded. The Gold Standard ended up being deserted in the Depression of the 1930s. Friedman felt that,“The gold standard is not feasible because the mythology and beliefs required to make it effective do not exist. This conclusion is supported not only by the general historical evidence referred to but also by the specific experience of the United States” ( “The Gold Standard:Please Stop”).Economists who contradict the Gold Standard may perceive what must be accomplished with a specific end goal to make a centrally controlled paper standard better than a decentralized Gold Standard. Milton Friedman poses the key question: "How can we establish a monetary system that is stable, free from irresponsible tinkering, and

Preston Tucker also lost control of his company since the only way he could think of to make money was selling stock which had led his business to become a corporation, and the CEO of it had signed a contract giving the rights to control the company over to the CEO. Because of his ethics and poor business skills, he went from riches to

Despite the flushed predictions of prosperity that had lured new settlers to the plains, the reality was more difficult. The farmers claimed that they did not have enough land, money, and transportation (Doc C). The farmers went into in a never ending cycle if they did not have a good harvest. As Booker Washington explains the farmers had no money so they had to borrow money from the banks which charged 12 to 30 percent interest. The interest the farmers were hit with was nearly impossible to repay so they had to mortgage everything and if the mortgage wasn’t paid the land was foreclosure which led the yeomen to become tenant farmers (Doc B). With periods of drought growing good crops was hard. Leading Economic Sectors shows how the farmers predicament of not being able to make a very

Philipsburg was a boomtown that is located less than three miles from the mining town of Granite, Montana. The area in which the two towns arose supported two massive silver mines: Granite Mountain and the Bi-Metallic (“Montana Mining Tours”). As a boomtown, Philipsburg’s success relied heavily on the ongoing purchase of silver by industries and government, as well as continual production of silver ore from the mines. In the late 1800s, the U.S. government passed the Sherman Silver Purchase Act, colloquially known as the “Silver Bill,” which required the federal government to buy 4.5 million ounces of silver every month for minting U.S. currency (Timberlake 2). This Act was passed as a supersession of the Bland-Allison Act, which originally mandated that two to four million dollars’ worth of silver be purchased every month. These Acts led to a significant dependence on the government’s recurring purchase of silver for the local economies of silver mining boomtowns. In 1892, the government passed the Treasury Note Act, effectively ending this economic stream, as “silver was to remain in the coinage and currency system primarily as a subsidiary money” (3). This new Act was only in effect for 15 years before the Panic of 1907 led to the brief return of silver to a primary role in currency. The Panic was bad for nearly all businesses but was especially hard on banks and trust companies (Moen and Tallman). Yet, despite the negative aspects of the economic downturn for banks and businesses, it greatly benefitted silver mining towns. Hugo refers to it in his poem as “The 1907 boom” (“Degrees of Gray in Philipsburg” line 16). Due to the domino effect between banks and traders, the U.S. economy all but collapsed. Additionally, San Francisco

Whether or not the politics of the Gilded Age failed in dealing with social and economic issues has long been debated by historians. Peeling away streaks of gold plastered on the deficiencies of the time, the cause of such problems can be unveiled. In finding a blame for the corruption within the growing economy and its demands on a wavering society, all fingers point to the politics of the Gilded Age.

Like any other “Robber Baron” during the late 1800’s, J.P. Morgan was no different. He controlled finance and industrial consolidation and was well-known for being a banker. Credited for being one of the few to shape the U.S., Morgan did have a lust of power and greed, but that doesn’t stop him from being America’s leading businessman. His impact goes as far as the present with the many companies he created.

The placer miners mined by washing silt in stream beds, and this was done by individuals hoping to get rich. This cheap way of mining rarely brought riches. Quartz and hydraulic mining were done by either using machinery to crush the rock, or high-powered streams were used to “wash out” gold. This was orchestrated by corporations who hired individuals to do their dirty work. However, in eight to ten years most lodes played out. This resulted in communities changing or corporations abandoning towns and leaving behind ghost towns. The miners were significant to the shaping of America, largely because minerals mined were used for war and to industrialize the U.S. The actions of the miners also focused interest in the West, and brought organizations to the mountain regions they left

Farmland got its start in 1852 after being founded by Henry D. Huffman and William Macy as a station on the Bellfontaine Railroad. On July 28th 1852 the two gentlemen platted Farmland on their farms. The town consisted of 152 lots including 6 streets, all of which are present today. Many cities that started on the railroad were thrust into a thriving economical environment. Being a station this allowed the city to quickly increase its population and annual revenue. There were many people that saw this economic opportunity and started forming farms alongside the town because it gave them quick access to the railroad. Thus their transportation costs were lower than other farmers. The agricultural business started to boom in the small town and drew more people into the town. People seized the economic opportunities that presented themselves. Sadly though the town did grow slow. But in 1870 the census found 532 people residing there. Starting from just two families the town gained over 500 residents in just 18 years. That is truly remarkable for the time that our nation was in.

The Gilded Age was a time a of great prosperity but also great corruption. Many advances in technology and industry took place during the time period. The transcontinental railroad was built, the steel industry was expanded, and oil took off. These developments allowed for the US to experience an industrial revolution, but not all was well. Most of the wealth generated during this time concentrated itself into the hands a of a select few who were able to weasel their way to the top of their industry. One example is John D. Rockefeller, who with wealth adjusted for inflation, amassed a fortune of around $700 billion. The way the these men obtained their wealth was an issue for many during the

where she met Frank Nixon. They fell in love at first sight, and were married

miners who seeked to become rich, which gives the reader a better understanding of the disappointing

If you had the opportunity to get rich off of gold, would you? Would you be willing to leave everything you have behind to move thousands of miles across the country just for gold? In 1859, the answer for many people was yes. Word of gold found throughout Colorado spread across the country and launched the Pike’s Peak Gold Rush or also known as the Colorado Gold Rush. There are several significant events in Colorado history that have had an influential impact on the state we know today. The Colorado Gold Rush, in 1859, was the most significant event in Colorado History for several reasons: the rush attracted thousands of people to our state, initiated the mining of other resources, succored farming and ranching throughout the state, and boosted the economy of the towns here in Colorado; these benefits of the rush continue to play a role in our state still today.

This article is about the circumstances that led to the collapse of the economy in 1929. It relates to my research proposal because I am evaluating historic events that led to the financial crisis of 1929. The article discusses how deflation played an important role in expanding the depression, and how the Gold Standard, a monetary system in which a country’s government allows its currency unit to be freely converted into fixed amounts of gold and vice versa, was an extremely bad decision because it caused the dollar to lose its value. This source was informal because it discusses prehistoric events that led to the

By 1850 Riley was on the street without a home but with the help of the gold rush he is now collecting money fast.