Why did the merchants in California make a lot of money during the Gold Rush? A. Millions of miners were striking it rich and spending lots of money.

B. Californians tended spend more money than most Americans at the time.

C. California was such a beautiful place to live that many of the people who moved out there stayed.

D. California had become a place of low supply and high demand very quickly, so even prices for necessities were very high.

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History

Diana Silva

7 September, 10:52

Why did the merchants in California make a lot of money during the Gold Rush? A. Millions of miners were striking it rich and spending lots of money.

B. Californians tended spend more money than most Americans at the time.

C. California was such a beautiful place to live that many of the people who moved out there stayed.

D. California had become a place of low supply and high demand very quickly, so even prices for necessities were very high.

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Answers (2)

Know the Answer?

Maritza · Answer 1

Its D. The sudden explosion of population caused a shortage of supply for the demand allowing the merchants to charge whatever they felt like because everyone wanted the product.

Ashlee Morrison · Answer 2

Ashlee Morrison 7 September, 13:29

0

D most miners needed new supplies