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Gold Rush Prices Worksheet Many arrived in California hoping to strike it rich, but they quickly learned it was hard work to find gold. Most miners only found $10 to $15 worth of gold dust a day.

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Gold was worth $20.67 per ounce in 1849; how much was their total gold worth in dollars?

The gold pans that miners needed cost 20 cents before 1849, but soon were sold for $8 each. The cost of eggs rose from $1.00, to $2.00, to $3.00 per egg. Instructions: Below are what certain items cost in the gold fields during 1851 and what the price would be equal to in 2007 at gold rush era values.

Pans the miners used cost 20 cents before 1849, but soon rose to $8, or $246 in 2017 dollars. Boots cost $6, or $185. A shovel went for $36, or more than $1,000.

But a much more interesting phenomenon was at work in the gold fields of Northern California in the 1850s: an out of control rate of inflation in the cost of food itself. Once gold was discovered in tiny Coloma, food prices rose dramatically, seemingly overnight.

Once gold was discovered in tiny Coloma, food prices rose dramatically, seemingly overnight. A barrel of flour, sold for $8 before the discovery, suddenly sold for $85. In nearby Placerville, a single slice of bread cost $1.

Back in 1849, a dozen eggs would cost you the equivalent of $90. If you have ever wondered how California's modern-day rush for riches in Silicon Valley compares with the Gold Rush of 1849, look no further than the cost of buying a home.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232