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kow [346]
3 years ago
6

Why was the economic downturn of 1857 a factor in causing the Colorado Gold Rush?

English
1 answer:
asambeis [7]3 years ago
4 0

Answer:

The year was 1857, and U.S. banks needed that gold to reach its destination safely. The banks had invested in businesses that were failing, and this was causing the American people to panic. Investors were losing heavily in the stock market and railroads were unable to pay their debts.

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Answer:

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