Three major events transform California into one of the biggest economic maker in United States. These are the California Gold Rush (1848-1859), Hollywood and the Great Depression.
The California Gold…
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Emigration led to the increase in population which brought about desire to own land. The populous areas tended to have small tracts of land for farming and settlement, yet people desired to have large pieces of land. This dilemma was solved through government’s intervention, by introducing the California Land Act (1851). The policy monopolized land and solved the problem of land tenure.
The rush brought about diversity in the sense that the people who went to exploit gold came from different cultural and ethnic backgrounds. We feel the impact of this diversity in California. Currently, there are various ethnic and racial groups living in California. This has enhanced the unity in diversity, and has helped the people of California to appreciate and enrich different cultures. We can feel the impact of the gold rush in current California economy, as it opened up California to other parts of the world for trade.
Hollywood movie production is one of the largest movie makers in the world. It makes Los Angeles, California a historical and cultural center for exhibition of movies, and this enhances social growth of the state. The revenue of the movies producer contributes a lot to California economy2. It is true to say that Hollywood productions are part of California’s main exports. Apart from earning the state considerable amounts of revenue, the industry provides employment to the vast population in the state and it offers a positive balance in international trade. It makes more contributions to the economy as compared to legal, medical, insurance and telecommunication sectors. It is indeed an economic powerhouse industry to reckon with, not only in California, but in the whole of America.
The Great Depression of 1929-1940s was an economic tragedy that made many people in California jobless. It began with the crash of stock markets in USA on 29th October, 1929, “Black Tuesday.” The depression rendered many people
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