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The Klondike Gold Rush - Research Paper Example

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Name Institution Instructor Date The Klondike Gold Rush Introduction The Klondike gold rush also known as Yukon gold rush or Alaska gold rush was process of commuting to the Klondike region to search for gold. The activity took place between 1897 and 1899 and involved approximately 100,000 people from all over the world but most specifically traders from Seattle and San Francisco.1 The journey involved travelling very long distance and carrying very heavy load…
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The Klondike Gold Rush
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Download file to see previous pages The Klondike gold rush ended in 1899 after the discovery of another gold mine in Nome. The trade had a very remarkable impact to the economic and social conditions of people who resided in Seattle and Washington States. 2 The cultural beliefs were totally altered by the trade due to the introduction of foreign beliefs and ideologies. The economic input of the trade in these two states was equally significant. The essay below focuses on the outputs and benefits of gold trade to the Seattle and Washington state. Economic and Social Impact The Klondike gold mine changed the ways of living as well as the economic conditions of the people who resided in Seattle and by large the Washington state. The trade led to the development and growth of timber market in the Seattle state. The ship industry in the Seattle state expanded due to the increase in the number of traders who used ships to commute to Alaska.3The trade also led to the immigration of people to Seattle from North of Columbia between the 1850s and 1860s. In 1850s, the gold rush to the Fraser River brought many California people to the North West, which led to the establishment of the mining industry that supplied gold to merchant in Victoria, Seattle, and Vancouver. It is the Klondike gold trade that led to the development of railway network in the Seattle state. As a result, the development of the railway network in Seattle was the facilitating factor which led to the development and growth of fish, timber, and wheat industries in the Northern part of the country. Additionally, the large number of immigrants to the area led to the immense development of the state. 4 As a result of discovery of gold rush trade in Klondike, the chamber of commerce of Seattle state met to discuss how to benefit from the trade. They planned to promote the state to an outfit center for the Northern goldfield. They formed a panel to advertise the state to the gold traders as well as other interested traders. The bureau was also mandated with the responsibility of encouraging local traders to join the trade for the benefit of the state. There was a huge campaign to inform the gold traders that Seattle was the only gate way to Alaska. The campaign has a very positive outcome because the Seattle state managed to attract more than three quarters of the gold seekers into their stores. Within the first three months of the trade, more than 15000 miners were using the Seattle resources in their trade. 5 The other business persons who operated in Seattle sold meat, clothes, and dried fruits to gold seekers. The city buildings and infrastructures also benefited from the gold trade. The houses, hotels, and other residential houses were overbooked by gold traders. This led to the construction of more houses to accommodate the traders. More job opportunities were created by increasing numbers of hotels, restaurants, and other related businesses. There was increase in the amount of money which was circulating in the Seattle state. In 1987, the state was trading with approximately $36 million. This increased to $ 68 million in 1898 and in 1899, the amount of money which were operating in Seattle rose to over$100 million. 6 In 1898, the Seattle chamber of commerce decided to increase the trade benefit by establishing an assay office. The idea was to help the state benefit from ...Download file to see next pagesRead More
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