California gold rush

58 results back to index

The Death and Life of Monterey Bay: A Story of Revival by Dr. Stephen R Palumbi Phd, Ms. Carolyn Sotka M. A.


California gold rush, clean water, glass ceiling, land tenure, Ronald Reagan, Works Progress Administration

One such vessel, the Griffon, considered itself to be unusually lucky when it “after two months obtained 300 sea otter skins!” This success too was fleeting, and hunts of only 100 skins a season soon became more common, so little that “the owners will not lose or gain anything by the voyage.” Eventually, in 1841, The First California Gold Rush: Ottersâ•… â•… 23 even the Russians abandoned their outpost at Fort Ross, north of San Francisco. Although otter hunting continued until the California Gold Rush eclipsed other forms of extractive wealth, the decade from 1840 to 1850 saw the end of the commercial otter enterprise. Much had changed politically in California as well. The old mission system was largely gone, decayed into adobe ruin when the Spanish Empire fell and Mexico won its 1821 independence. But war between the former colonies of the United States and Mexico was coming and would shift the ownership of land out of Mexican hands.

Stephen Palumbi To Maria and Richard, who instilled a love of being outdoors and of nature; to Erik, who opens my eyes to the ecological wonders of even the smallest marine creatures; and to Kai and Liv, who inspire me to keep looking for ocean treasures. Carolyn Sotka Contents Preface xi intr od uc ti on Chapter 1 Julia’s Window 3 part i:╇ The Rui n Chapter 2 The First California Gold Rush: Otters 11 Chapter 3 Whale Bones in Treasure Bay 25 Chapter 4 Abalone Shells and China Point 37 part ii:╇ The Bo t t om Chapter 5 Dr. Mayor Julia Platt 55 Chapter 6 The Power of One: Julia Fights the Canneries 68 Chapter 7 Ed Ricketts, Ecology and the Philosophy Chapter 8 of Tide Pools Dust Bowl of the Sea: The Canneries Collapse 87 100 part iii:╇ Th e Re cov e ry Chapter 9 The Otter Returns 113 Chapter 10 Kelp, Seals, and Seabirds Rise Again 132 Chapter 11 The Aquarium 144 Chapter 12 The Century to Come 163 Acknowledgments 175 About the Authors 177 Notes 179 Index 203 Preface Walking to work along the shore of Pacific Grove, at the southern end of Monterey Bay, is like a taking a stroll through another century.

The inset shows Monterey Bay, the current towns of Monterey and Pacific Grove, and the 1769 route of the Portolà expedition. The lower left corner of the inset shows a reproduction of the crude map Vizcaíno drew in 1602 to suggest that Monterey was a perfect harbor protected by a spur of land, the Point of Pines, which is grossly exaggerated in this drawing. (Maps based on the National Atlas.) Chapter 2 The First California Gold Rush: Otters E arly fall is a magical time in Monterey Bay, and French captain Jean-François de la Pérouse, arriving in September 1786, perhaps saw it at its best. The fogs of summer begin to roll back in September, releasing the pent-up sun to warm the hills and quicken the air with the scent of sage and pine. The shoreline gathers raucous seabirds. The beaches are the beds of languid seals.

pages: 497 words: 153,755

The Power of Gold: The History of an Obsession by Peter L. Bernstein


Albert Einstein, Atahualpa, Bretton Woods, British Empire, California gold rush, central bank independence, double entry bookkeeping, Edward Glaeser, falling living standards, financial innovation, floating exchange rates, Francisco Pizarro, German hyperinflation, Hernando de Soto, Isaac Newton, joint-stock company, joint-stock limited liability company, Joseph Schumpeter, large denomination, liquidity trap, long peace, money: store of value / unit of account / medium of exchange, old-boy network, Paul Samuelson, price stability, profit motive, random walk, rising living standards, Ronald Reagan, seigniorage, the market place, The Wealth of Nations by Adam Smith, Thomas Malthus, too big to fail, trade route

Yet we shall see at every point that Ruskin's paradox arises and challenges us anew. Whether it is Perseus in search of the Golden Fleece, the Jews dancing around the golden calf, Croesus fingering his golden coins, Crassus murdered by molten gold poured down his throat, Basil Bulgaroctonus with over two hundred thousand pounds of gold, Pizarro surrounded by gold when slain by his henchmen, Sutter whose millstream launched the California gold rush, or modern leaders such as Charles de Gaulle who deluded themselves with a vision of an economy made stable, sure, and superior by the ownership of gold-they all had gold, but the gold had them all. When Pindar in the fifth century Bc described gold as "a child of Zeus, neither moth or rust devoureth it, but the mind of man is devoured by this supreme possession," he set forth the whole story in one sentence.3 John Stuart Mill nicely paraphrased this view in 1848, when he wrote "Gold thou mayst safely touch; but if it stick/Unto thy hands, it woundeth to the quick."4 Indeed, gold is a mass of contradictions.

The labor force employed in the South African mines exceeds four hundred thousand men, about 90 percent of whom are black.16 King Ferdinand of Spain coined immortal words in 1511 when he declared, "Get gold, humanely if possible, but at all hazards-get gold."" Not all gold has to be mined. When gold is carried down by mountain streams, the prospector can wade in and sieve up the fragments of gold-bearing ore that have broken loose from the mountainside. Gold was collected long ago in this fashion in Asia Minor, where gold coinage first made its formal appearance. Some 3500 years later, the California gold rush of the nineteenth century began on the banks of the Sacramento River, when the Forty-Niners crowded into the river with their crude equipment to "pan" the gold out of the rushing waters. They were following a practice that had come down from the ancient Greeks, who used woolly sheepskins for panning gold from the rivers-the tight curls of the sheep's coat did an excellent job of capturing and holding the fragments of gold as the waters came rushing down the mountainsides.

The long delay between the discovery and Polk's announcement was the primary impetus for the first revolution in telecom-the establishment of the Western Union Company and the wiring of the entire United States for telegraphy. By 1853, over one hundred thousand people had swarmed into California, including 25,000 Frenchmen and twenty thousand Chinese, and annual gold production approached eighty metric tons; production would peak as early as 1853 at around 95 tons.' The name Sutter's Mill has always been associated with the onset of the California gold rush. Poor Johann Sutter! In essence a good man, not a greedy man, Sutter was grieved rather than thrilled to hear about the golden nuggets in the stream on his property. He was so far out of step that he ultimately landed in deep trouble and came to a sad end. In 1876, when he was 67 years old, Sutter received a visitor named H. H. Bancroft, a historian who persuaded him to dictate his memoirs about his null and the gold rush.

pages: 255 words: 75,208

Why We Get Fat and What to Do About It by Gary Taubes


California gold rush, cognitive dissonance, Gary Taubes, meta analysis, meta-analysis, randomized controlled trial

In 1846, when a U.S. Army battalion passed through Pima lands, John Griffin, the battalion’s surgeon, described the Pima as “sprightly” and in “fine health” and noted that they also had “the greatest abundance of food”—storehouses full of it.* So much that when the California gold rush began three years later, the U.S government asked the Pima to provide food, and they did, to the tens of thousands of travelers who passed through their territory in the next decade, heading to California on the Sante Fe Trail. With the California gold rush, the relative paradise of the Pima came to an end and, with it, their affluence. Anglo-Americans and Mexicans began settling in large numbers in the region. These newcomers—“some of the vilest specimens of humanity that the white race has produced,” wrote Russell—hunted the local game near to extinction, and diverted the Gila River water to irrigate their own fields at the expense of the Pimas’.

pages: 404 words: 118,759

The Bohemians: Mark Twain and the San Francisco Writers Who Reinvented American Literature by Ben Tarnoff


California gold rush, interchangeable parts, mass immigration, Maui Hawaii, new economy, New Journalism, Plutocrats, plutocrats, Ralph Waldo Emerson, Ronald Reagan, South of Market, San Francisco, South Sea Bubble, transcontinental railway, traveling salesman

They also sustained Early literary life: Michael Kowalewski, “Romancing the Gold Rush: The Literature of the California Frontier,” California History 79.2 (Summer 2000), pp. 207–210, and SFLF, pp. 17–54. The gold rush generation produced a vast amount of letters, diaries, and other documents about early California. The most famous of these early firsthand accounts was written by Louise Amelia Knapp Smith Clappe under the pen name Dame Shirley in 1851–1852. For a complete listing of gold rush literature, see Gary F. Kurutz, The California Gold Rush: A Descriptive Bibliography of Books and Pamphlets Covering the Years 1848–1853 (San Francisco: Book Club of California, 1997). CHAPTER ONE What people remembered Twain’s drawl: Arthur McEwen, “In the Heroic Days,” in TIHOT, p. 22; Henry J. W. Dam, “A Morning with Bret Harte,” McClure’s 4.1 (Dec. 1894), p. 47; MTAL, pp. 168–169; and William H. Rideing, “Mark Twain in Clubland,” Bookman 31 (June 1910), pp. 379–382.

., pp. 46–47; Henry Nash Smith, Virgin Land: The American West as Symbol and Myth (Cambridge, MA: Harvard University Press, 1978), pp. 87–88; William James Linton, The History of Wood-Engraving in America (Boston: Estes and Lauriat, 1882), pp. 27–33. Statistics on numbers of newspapers: Bruce A. Bimber, Information and American Democracy: Technology in the Evolution of Political Power (Cambridge: Cambridge University Press, 2003), pp. 52–53. The newspaper revolution Role of newspapers in the gold rush: H. W. Brands, The Age of Gold: The California Gold Rush and the New American Dream (New York: Doubleday, 2002), pp. 70, 124–126, 130. Literacy in the Far West: SFLF, pp. 7, 14; Earl Pomeroy, The Pacific Slope, pp. 34–35, 42, 153; and Sanford Winston, Illiteracy in the United States (Chapel Hill: University of North Carolina Press, 1930), pp. 16–17. Literary paper as sign of flush times: MTR, p. 339. Literature’s significance for farmers and miners: SFLF, p. 120.

Mexican and Chinese clothing: Amelia Ransome Neville, The Fantastic City, p. 47. “bustling . . .”: Bret Harte, “Bohemian Days in San Francisco,” p. 277. There was another Seeing the Far West for the first time: Wallace Stegner, “Thoughts in a Dry Land,” Where the Bluebird Sings to the Lemonade Springs: Living and Writing in the West (New York: Penguin, 1992), pp. 52–55. For eyewitness accounts of gold rush–era California, see Gary F. Kurutz, The California Gold Rush. For pre–gold rush narratives, see Joshua Paddison, ed., A World Transformed: Firsthand Accounts of California before the Gold Rush (Berkeley, CA: Heyday, 1999), pp. 167–305. “to about twice . . .” and “I said we . . .”: SLC to Jane Lampton Clemens, October 26, 1861, in MTL, vol. 1, p. 137. This was what “westernization of the perceptions”: Wallace Stegner, “Thoughts in a Dry Land,” p. 54.

pages: 382 words: 92,138

The Entrepreneurial State: Debunking Public vs. Private Sector Myths by Mariana Mazzucato


Apple II, banking crisis, barriers to entry, Bretton Woods, California gold rush, call centre, carbon footprint, Carmen Reinhart, cleantech, computer age, creative destruction, credit crunch, David Ricardo: comparative advantage, demand response, deskilling, endogenous growth, energy security, energy transition, eurozone crisis, everywhere but in the productivity statistics, Financial Instability Hypothesis, full employment, G4S, Growth in a Time of Debt, Hyman Minsky, incomplete markets, information retrieval, intangible asset, invisible hand, Joseph Schumpeter, Kenneth Rogoff, knowledge economy, knowledge worker, natural language processing, new economy, offshore financial centre, Philip Mirowski, popular electronics, profit maximization, Ralph Nader, renewable energy credits, rent-seeking, ride hailing / ride sharing, risk tolerance, shareholder value, Silicon Valley, Silicon Valley ideology, smart grid, Steve Jobs, Steve Wozniak, The Wealth of Nations by Adam Smith, Tim Cook: Apple, too big to fail, total factor productivity, trickle-down economics, Washington Consensus, William Shockley: the traitorous eight

These breakthroughs were the result of research carried out in various public–private partnerships at labs including those at DARPA, AT&T Bell Labs, Xerox PARC, Shockley and Fairchild, to name a few. Silicon Valley quickly became the nation’s ‘computer innovation hub’ and the resulting climate stimulated and nurtured by the government’s leading role in funding and research (both basic and applied) was harnessed by innovative entrepreneurs and private industry in what many observers have called the ‘Internet California Gold Rush’ or the ‘Silicon Gold Rush’ (Kenney 2003; Southwick 1999). There are 12 major technologies integrated within the iPod, iPhone and iPad that stand out as features that are either ‘enablers’, or that differentiate these products from their rivals in the market. These include semiconductor devices such as (1) microprocessors or central processing units (CPU); (2) dynamic random-access memory (DRAM); as well as (3) micro hard drive storage or hard drive disks (HDD); (4) liquid-crystal displays (LCDs); (5) lithium-polymer (Li-pol) and lithium-ion (Li-ion) batteries; (6) digital signal processing (DSP), based on the advancement in fast Fourier transform (FFT) algorithms; (7) the Internet; (8) the Hypertext Transfer Protocol (HTTP) and Hypertext Markup Language (HTML); (9) and cellular technology and networks – all of which can be considered as the core enabler technologies for products such as the iPod, iPhone and iPad.

.: on characteristics of DARPA model 78–9; developmental network state concept 78n2; on SBIR programme 80; on state funding behind innovation 63; on US industrial policy 21, 38n5, 68, 85; on US innovation policies 74–7 Bloom, Nicholas 46 Bloomberg on tax schemes 174–5 Bonus 145 Braeburn Capital 173 Branscomb, Lewis M. 48 Brazil 2, 4–5, 120, 122, 190 Brazilian Development Bank (BNDES) 5, 122, 190 Breakthrough Report 109 Bristol-Myers Squibb 188 British Post Office 104 Brodd, Ralph J. 108 Brody, Peter 107 bureaucracy, Weberian 4n2 Burlamaqui, Leonardo 189 Bush, George H. W. 85 Bush, George W. 110–11 Bush, Vannevar 75 ‘business angels’ 47, 48 Buxton, Bill 102n10 Cailliau, Robert 105 California: Apple’s avoidance of capital gains tax in 173; Apple’s R&D base in 172; competitive climate of 165, 176; ‘Internet California Gold Rush’ 95; R&D tax packages of 109–10, 111n13; wind industry participation 145, 147, 156 Cameron, David 15 Canada 61 capacitive sensing technology 100–101, 100n9, 103 capitalism: Adam Smith’s view of 30; dysfunctional modern 12; financial fragility of 32n3; image of market as engine of 167; innovative labour in 13; Keynes on 30–32; State risks in framework of 193; State’s role in 195 Capital Moves (Cowie) 172 cellular technology 109, 109 Chang, Ha-Joon 9n3, 38n5, 40 China: clean technology investment by 120, 124n6, 125, 137; Evergreen Solar lured to 152; ‘green’ 5 year plan 122–4; green revolution in 11, 115n2, 116, 120; investment banks in 2, 4, 5; Kyoto Protocol signed by 123n5; new investment in renewable energy 120, 121; policy support for wind industry 153; as solar power competitor 129–31, 130n11, 144, 150; targeted industrialization in 40; ‘trade wars’ of 122, 131; wind capacity of 143; from ‘Wind Rush’ to rise of wind power sector 144–50 China Development Bank (CDB) 5, 122, 153, 189–90 Citizens for Tax Justice 174n5 classical economists 186–7 clean technology: in China 122–4; in crisis 158–9; electric cars/vehicles 108, 123, 124, 133; Ernst & Young report on 124; historical overview of 118, 118n3; investment (by country) 120–21; investment by venture capital 161; public vs. private investment in 26, 143; R&D investment in 119; sources 117–18; US calling to end support to 157; see also green revolution; wind and solar power climate change 117, 123, 135; see also green industrial revolution Climate Works 123 Clinton administration 84–5 Coad, Alex 44 ‘Cognitive Assistant that Learns and Organizes’ (CALO) project 106 Compaq 107 competition, generating 77 computer field: DARPA’s role in 75–8; hard disk drives (HDD) 96–7; personal computers 78, 89, 94–5; research support to 99; sources of key technologies used in 94–5; in wind technology 147–8 Concorde 194; see also ‘picking winners’ Cook, Tim 171 countercyclical lending 4, 140, 190 ‘creative destruction’ 10, 10n4, 58, 165; see also Schumpeter, Joseph ‘crowd funding’ 127 ‘crowding in’ 5–6, 8 ‘crowding out’ 8, 23–4 DARPA: see Defense Advanced Research Projects Agency ‘Death Valley’ stage of innovation 47, 48, 122 DEC 107 decentralization 78, 85, 104 defence contractors 76–7, 98 Defense Advanced Research Projects Agency (DARPA): ARPA-E modeled after 133; brokering role of 77, 79; clean energy funding 132n13; communications network project of 104, 104n11; creation of 76; dual-use technologies targeted by 97; funding by 76–7; model characteristics 78; organizational attributes of 133–4; role of behind SIRI 105–6; support for SPINTRONICS 97; technological contributions of 133; top talent attracted by 4 Defense Logistics Agency 132n13 demand-side policies 83, 113–15, 159 Demirel, Pelin 44 DEMOS 2 Denmark 115n2, 120n4, 121, 143, 144–5 Department of Commerce (US) 47 Department of Defense (DoD) (US): ARPANET project as Internet origin 63; energy innovation impacted by 132n13; GPS and SIRI development by 105–7; GPS costs to 105n12; solar opportunities created by 150; TRP initiated by 97 Department of Energy (DoE) (US): ARPA-E agency of 4; attracting top talent 18; clean energy research 132–3; First Solar’s link to research of 151; funding Solyndra 154; funding support of lithium-ion battery 108; loan guarantees administered by 129; SunPower’s patents link to 152; wind research funded by 147–8 Department of Energy and Climate Change (UK) 124 ‘de-risking’ of private sector 5–6, 9, 198 de-skilling perspective 186 ‘Developmental State’ 10, 37–8, 37–8n5, 40, 68; see also State development banks: see State development banks digital signal processing (DSP) 109 ‘directionality’ 2, 4–5, 32n2 ‘discursive’ battle, Judt’s 9, 58, 198 distribution and innovation 186 Domar, Evsey David 33 domestic content rules 149 Dosi, Giovanni 53 Drucker, Peter 58 drugs: classifications of new 64, 64; Gleevec 81; MRC research on 67; orphan drugs 81–3; percentages of new by types 66, 66; radical vs.

pages: 314 words: 106,575

Black Fire: The True Story of the Original Tom Sawyer--And of the Mysterious Fires That Baptized Gold Rush-Era San Francisco by Robert Graysmith


California gold rush, profit motive, South of Market, San Francisco, white picket fence

Gold Dust & Gunsmoke: Tales of Gold Rush Outlaws, Gunfighters, Lawmen, and Vigilantes. New York: John Wiley & Sons, Inc, 1999. From published edition and advance uncorrected proofs. (This is a valuable source for the stories of Billy Mulligan, Dutch Charley, and Yankee Sullivan.) Block, Eugene E. Great Stagecoach Robbers of the West. Garden City, NY: Doubleday and Company, Inc., 1962. (Great resource for Hank Monk.) Brands, H. W. The Age of Gold: The California Gold Rush and the New American Dream. New York: Anchor Books, 2002. Browning, Peter. San Francisco/Yerba Buena. Lafayette, CA: Great West Books, 1998. Camp, William Martin. San Francisco, Port of Gold. Garden City, NY: Doubleday & Company, 1947. Carlisle, Henry C. San Francisco Street Names: Sketches of the Lives of Pioneers for Whom San Francisco Streets Are Named. San Francisco: The American Trust Company, 1954.

(Firsthand accounts of the great fires by an artistic sailor.) Cole, Tom. A Short History of San Francisco. San Francisco: Don’t Call It Frisco Press, 1981. Country Beautiful editors. Great Fires of America. Waukesha, Wisconsin: Country Beautiful Publishing, 1973. DeFord, Miriam Allen. They Were San Franciscans. Caldwell, ID: The Caxton Printers, Ltd., 1941. Delgado, James P. To California by Sea: A Maritime History of the California Gold Rush. Columbia, South Carolina: University of South Carolina Press, 1996. ———. Gold Rush Port: The Maritime Archaeology of San Francisco’s Waterfront. Berkeley, California: University of California Press, 2009. (A treasure trove of valuable archaeological information about Yerba Buena Cove from a leading maritime archaeologist.) Dickson, Samuel. Tales of San Francisco. Stanford, CA: Stanford University Press, 1965. ———.

pages: 326 words: 97,089

Five Billion Years of Solitude: The Search for Life Among the Stars by Lee Billings


Albert Einstein, Arthur Eddington, California gold rush, Colonization of Mars, cosmological principle, cuban missile crisis, dark matter, Dava Sobel, double helix, Edmond Halley, full employment, hydraulic fracturing, index card, Isaac Newton, Kuiper Belt, Magellanic Cloud, music of the spheres, out of africa, Peter H. Diamandis: Planetary Resources, planetary scale, profit motive, quantitative trading / quantitative finance, Ralph Waldo Emerson, RAND corporation, random walk, Search for Extraterrestrial Intelligence, Searching for Interstellar Communications, selection bias, Silicon Valley, Solar eclipse in 1919, technological singularity, the scientific method, transcontinental railway

Strewn along its base would be a jumbled melange of younger surface rock mixed with unconsolidated mudstone from the toppled ancient seafloor. Rain falling on the mountains eroded the sides, exposed the ore veins, and flushed flakes and fragments of precious metals into rivers. On January 24, 1848, while building a sawmill along the American River to float logs to the small coastal settlement of San Francisco, a carpenter named James Marshall found a few pieces of that washed-down gold, sparking the great California Gold Rush. Soon, some 300,000 people from around the world had swarmed the region to seek their fortunes, exponentially increasing its population and propelling the unorganized territory into official U.S. statehood. Boomtowns bubbled and burst throughout northern California. San Francisco became a bustling city. The redwood forests fell to feed furnaces that reduced quarry-hewn limestone into lime, which went into the cement for marble-faced buildings.

He hoped to expand that fortune through purchasing cheap land in the new California territories, which he thought would soon be annexed by the United States. Along with his tools and workbench, Lick had brought along an ironclad chest filled with $30,000 in gold. He immediately began buying up vacant lots around town. Seventeen days after Lick’s arrival, James Marshall discovered gold at Sutter’s Mill, the California Gold Rush was set in motion, and Lick found himself the biggest player in a buyer’s market for San Francisco’s abundant real estate. Soon he was swamped with sales offers, as residents abandoned their coastal harbor homes in droves to seek gold in the inland hills. He bought up all the land he could at cut-rate prices, then netted huge profits as San Francisco’s population exponentially boomed from wave after wave of arriving prospectors.

pages: 709 words: 191,147

White Trash: The 400-Year Untold History of Class in America by Nancy Isenberg


A. Roger Ekirch, back-to-the-land, British Empire, California gold rush, colonial rule, Copley Medal, desegregation, Donald Trump, feminist movement, full employment, indoor plumbing, invisible hand, joint-stock company, land reform, land tenure, mass immigration, New Urbanism, Norman Mailer, Plutocrats, plutocrats, Republic of Letters, Ronald Reagan, Scientific racism, The Wealth of Nations by Adam Smith, theory of mind, trade route, transcontinental railway, trickle-down economics, upwardly mobile, urban renewal, War on Poverty, working poor, Works Progress Administration

Novelist Eliza Farnham wrote promotional literature for recruiting women to California; see her California, Indoor and Outdoor, How We Farm, Mine, and Live Generally in the Golden State (New York, 1856); also see Nancy J. Taniguchi, “Weaving a Different World: Women and the California Gold Rush,” California History 79, no. 2 (Summer 2000): 141–68, esp. 142–44, 148. For the French caricature, see Le Charivari, ca. 1850, Picture Collection, California State Library. On importing women to California ending spinsterhood, see “A Colloquial Chapter on Celibacy,” United States Magazine and Democratic Review (December 1848): 533–42, esp. 537. On the sex ratio imbalance in California, claiming there were three hundred men to every woman, see “Letters from California: San Francisco,” Home Journal, March 3, 1849. 23. See Sucheng Chan, “A People of Exceptional Character: Ethnic Diversity, Nativism, and Racism in the California Gold Rush,” California History 79, no. 2 (Summer 2000): 44–85; Hinton Rowan Helper, The Land of Gold: Reality Versus Fiction (Baltimore, 1855), 264. 24.

By the 1860s he owned over twenty-three thousand acres and had established himself as one of the ruling patriarchs of the new state.20 Yet California’s early history had been as grim as that of Texas. Both of these extensive territories were overrun with runaway debtors, criminal outcasts, rogue gamblers, and ruthless adventurers who thrived in the chaotic atmosphere of western sprawl. The California gold rush attracted not only grizzled gold diggers but also prostitutes, fortune hunters, and con men selling fraudulent land titles. Among the Texas and California cutthroats who captured the American imagination was the “half-breed Mexican and white.” He was known for his “mongrel dandyism,” loud jewelry, and flamboyant clothing.21 In a certain sense, California reverted to older British colonial patterns.

pages: 488 words: 144,145

Inflated: How Money and Debt Built the American Dream by R. Christopher Whalen


Albert Einstein, bank run, banking crisis, Black Swan, Bretton Woods, British Empire, California gold rush, Carmen Reinhart, central bank independence, commoditize, conceptual framework, corporate governance, corporate raider, creative destruction, cuban missile crisis, currency peg, debt deflation, falling living standards, fiat currency, financial deregulation, financial innovation, financial intermediation, floating exchange rates, Fractional reserve banking, full employment, global reserve currency, housing crisis, interchangeable parts, invention of radio, Kenneth Rogoff, laissez-faire capitalism, liquidity trap, means of production, money: store of value / unit of account / medium of exchange, moral hazard, mutually assured destruction, non-tariff barriers, oil shock, Paul Samuelson, payday loans, Plutocrats, plutocrats, price stability, pushing on a string, quantitative easing, rent-seeking, reserve currency, Ronald Reagan, special drawing rights, The Chicago School, The Great Moderation, too big to fail, trade liberalization, transcontinental railway, Upton Sinclair, women in the workforce

James, 729. 29. “1995 Annual Report: A Brief History of Our Nation’s Paper Money,” Annual Report, Federal Reserve Bank of San Francisco, 1995. 30. History of the U.S. Treasury, U.S. Department of the Treasury, Washington, DC. 31. Webster, Daniel, The Works of Daniel Webster, Vol. III (Boston: Little Brown, 1881), 394. 32. Margo, Robert A., “Wages in California During the Gold Rush,” NBER Historical Working Paper No. 101* (June 1997). 33. Brands, H.W., The Age of Gold: The California Gold Rush and the New American Dream (New York: Anchor Books, 2003), 488. 34. For an interesting discussion of the New York clearinghouse, see Ida M. Tarbel, “The Hunt for a Money Trust,” American Magazine, Volume LXXVI, July 1913 to December 1913, (New York: Phillips Publishing Co.), 42. 35. Timberlake, Richard H., Monetary Policy in the United States: An Intellectual and Institutional History (Chicago: University of Chicago Press, 1978), 213.

Roubini, Nouriel and Mihm, Stephen, Crisis Economics (New York: Penguin, 2010). Selected References Adams, J.T. (1932). The Epic of America. New York: Little Brown. Barron, C.W. (1915). The Audacious War. New York: Houghton Mifflin Co. Baruch, B. (1957). The Public Years. New York: Holt. Bernard, H. (2002). Independent Man: The Life of James Couzens. Detroit: Wayne State University Press. Brands, H.W. (2003). The Age of Gold: The California Gold Rush and the New American dream. New York: Anchor Books Byrd, R.C. (1988). The Senate, 1789–1989. Washington, DC: U.S. Government Printing Office. Calder, L. (1999). Financing the American Dream: A Cultural History of Consumer Credit. Princeton, NJ: Princeton University Press, Catteral, R.C.H. (1903). The Second Bank of the United States. Chicago: The University of Chicago Press. Chernow, R. (1990).

pages: 568 words: 162,366

The Oil and the Glory: The Pursuit of Empire and Fortune on the Caspian Sea by Steve Levine


Berlin Wall, California gold rush, computerized trading, corporate raider, cuban missile crisis, facts on the ground, failed state, fixed income, indoor plumbing, Khyber Pass, megastructure, Menlo Park, Mikhail Gorbachev, oil rush, Potemkin village, rolodex, Ronald Reagan, shareholder value, Silicon Valley, telemarketer, trade route

Karaulov, Andrei. Vokrug Kremlya (Moscow, 1990). Karl, Terry Lynn. The Paradox of Plenty (Berkeley, 1997). Kennan, George F. Russia and the West Under Lenin and Stalin (New York, 1960–1961). Kissinger, Henry. White House Years (Boston, 1979). Klebnikov, Paul. Godfather of the Kremlin (New York, 2001). Knickerbocker, H. R. The Red Trade Menace (New York, 1931). Levinson, Robert E. The Jews in the California Gold Rush (Jersey City, N.J., 1978). Lloyd, John. Rebirth of a Nation (London, 1998). MacMillan, Margaret. Paris 1919 (New York, 2001). Marvin, Charles. The Region of the Eternal Fire (London, 1884). Matlock, Jack F., Jr. Autopsy on an Empire (New York, 1995). McCain, William D., Jr. The Properties of Petroleum Fluids (Tulsa, Okla., 1990). Nanay, Julia. “The U.S. in the Caspian: The Divergence of Political and Commercial Interests” (Washington, D.C., 1998).

“made it so simple”: The New York Times, March 1, 1956, p. 47. “violently anti-Russian”: Author interview with Ralph Feuerring, July 4, 2004. A Swede, Feuerring was one of the few westerners who did business with the Soviets in the 1950s. Chapter 5: The Middleman “crowded bars and card rooms”: Leonard Gardner, Fat City (New York: Farrar, Straus and Giroux, 1969), 85. Riverboats from San Francisco: Robert E. Levinson, The Jews in the California Gold Rush (Jersey City, N.J.: Ktav Publishing House, 1978), 94, 174. “hick”: Author interview with Briggs. a Beau Brummel: Author interview with Melvin Corren, a prominent eighty-year-old Stockton merchant who knew Lloyd Giffen, January 15, 2004. Lloyd Giffen was an Oklahoma: Stockton Record, August 14, 1995. He landed a job: 1939 Stockton telephone directory. His death in 1938: Stockton Record, January 6, 1938, p. 1.

pages: 538 words: 138,544

The Story of Stuff: The Impact of Overconsumption on the Planet, Our Communities, and Our Health-And How We Can Make It Better by Annie Leonard


air freight, banking crisis, big-box store, blood diamonds, Bretton Woods, California gold rush, carbon footprint, clean water, Community Supported Agriculture, dematerialisation, employer provided health coverage, energy security, European colonialism, Firefox, Food sovereignty, Ford paid five dollars a day, full employment, global supply chain, income inequality, Indoor air pollution, intermodal, Jeff Bezos, job satisfaction, liberation theology, McMansion, new economy, oil shale / tar sands, peak oil, Ralph Nader, renewable energy credits, Silicon Valley, special economic zone, supply-chain management, the built environment, trade liberalization, trickle-down economics, union organizing, Wall-E, Whole Earth Review, Zipcar

It’s known for its resistance to heat and to corrosion by acids—even when actually submerged in acid.98 Although coltan has mostly been sourced from other countries like Australia, Brazil, and Canada, 80 percent of the world’s supplies are in the politically unstable and violence-plagued eastern part of the Democratic Republic of the Congo.99 Congolese coltan mining has funded brutal guerilla forces and their backers in neighboring countries like Rwanda, Burundi, and Uganda. Coltan can be mined with very basic methods: simply dug up and sifted through pans, just as the forty-niners in the California Gold Rush worked. So when the global price of the metal shot up in 2000 to three hundred dollars per pound of the refined mineral (in part due to the huge launch of Sony’s PS2 game console), thousands of Congolese scrambled into the country’s lush green forests to get at it, destroying national parks and other pristine land, killing gorillas for food, and ruining the animals’ habitat.100 Various armies (official and rebel) rushed in to take over the trade, often employing children and prisoners of war, brutally raping local women (the UN estimated 45,000 raped in 2005 alone101), and bringing prostitution and illegal arms trade with them.

INDEX Abacha, Sani, 31 Abu Dhabi, 66 Acetone, 60 Advertising, 160, 163–168, 251, 256 Advisory committees, 99–100 Afghanistan, 243, 244 Agent Orange, 54, 213 Air freight, 115, 119 al-Qaeda, 26 Alameda County Waste Management Authority, 211 Alien Tort Claims Act (ATCA), 258 Allan, John, 17 Alloys, 44 Aluminum, 21, 59 Aluminum cans, 64–68, 196 Amazon, 116, 118–121 Amazon River, 66 American Chemistry Council, 93, 99 American Cyanamid, 222 Ammonia, 60, 61 Amnesty International, 28, 32 Anderson, Ray, 19, 185, 187–189 Anderson, Warren, 92 Anheuser-Busch, 196 Antibacterial products, 79 Antimony, 59 Appalachia, 35, 36 Apple Computer, 57, 59, 108, 109, 203, 206 Aral Sea, 46 Arsenic, 13, 15, 35, 59, 73, 203 Autoclaving, 201 Automobile industry, 159–160, 164 Bangladesh, 12–14, 49, 184, 193, 219–221 Barber, Benjamin, 169, 172 Basel Action Network (BAN), 205, 227, 228 Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal, 227, 258 Batker, Dave, 246 Batteries, 203, 204 Bauxite, 21, 64–65 Beavan, Colin, 147, 239, 245 Bechtel, 140 Bee, Rashida, 91 Benin, 45 Benyus, Janine, 105 Benzene, 30, 48 Beryllium, 203 Beta-hexachlorocyclohexane, 79 Beverage containers, 64–68, 194–195 Bezos, Jeff, 118 Bhopal disaster, India, 90–93, 98 Big-Box Swindle (Mitchell), 121, 125 Big Coal (Goodell), 36 Bingham Canyon copper mine, Utah, 21 Biological oxygen demand (BOD), 10–11 Biomimicry, 104–105 Bioplastics, 230–231 BioRegional, 40 Birol, Fatih, 29–30 Birth defects, 60, 74, 76, 91 Bisignani, Giovanni, 115 Bisimwa, Bertrand, 28 Bisphenol A (BPA), 78, 99–100 Bleach, 15, 48, 56 Blood Diamond (movie), 26, 28 Body burden testing, 78–80 Bolivia, 140 Books, 51–56, 118–120 Borden Chemical, 222 Borneo, 3 Boron, 59 Boston Tea Party, 127 Bottle Recycling Climate Protection Act of 2, 195 Bottled water, 16 Bowling Alone (Putnam), 149, 238–239 Bräutigam, Deborah, 37 Brazil, 8, 66, 67 Breast milk, 81, 82–83, 91, 171 Bridge at the End of the World, The (Speth), 167 Brockovich, Erin, 30 Bromines, 48 Bruno, Kenny, 225 Burkina Faso, 45 Burundi, 27 Bush, George H. W., 250 Bush, George W., 147 Business Alliance for Local Living Economies (BALLE), 141 Cadmium, 24, 30, 59, 73, 203, 205, 219 California Gold Rush of 1849, 24–25, 27 Campaign for a Commercial-Free Childhood, 256 Cancer, 45, 48, 54, 60, 68, 69, 74, 76, 83, 85, 202 Car-sharing programs, 43 Carbon dioxide, 2, 36, 50–51, 65, 180–181, 209 Carbon monoxide, 65 Cargo ships, 113–114 Carlin, George, 183 Carson, Rachel, 98 Catalogs, 9 Caustic soda (lye), 48, 54, 64 Cell phones, 27, 29, 57, 103–104, 161, 202 Center for a New American Dream, 246 Center for Constitutional Rights, 258 Center for Health, Environment and Justice (CHEJ), 69 Center for Science in the Public Interest (CSPI), 100 Center for Sustainable Economy, 242 Centre for Research on Multinational Corporations (SOMO), 62 Ceramics, 44 Chelaton, Jayakumar, 236 Chemical Manufacturers Association (CMA), 93 Chemical pulping, 53 Chemicals.

pages: 282 words: 28,394

Learn Descriptive Cataloging Second North American Edition by Mary Mortimer


California gold rush, clean water, corporate governance, deskilling, illegal immigration, Norman Mailer

E XERCISE 6.4 Refer to the rules for this area in the appropriate chapters of AACR2, and to the MARC codes at the back of this book (or use the MARC manual, if you have access it). Transcribe and code the publication, distribution area only for each of the following: a. Title page of a book Forest Press A Division of OCLC Online Computer Library Center, Inc. Albany, New York 2004 260 52 LEARN DESCRIPTIVE CATALOGING b. Label of the audiocassette California Gold Rush : life in the goldfields in the days of ‘49 (bought in a Californian folk museum) Lay of the Land, Copyright 1996 260 c. Verso of the title page of a book bf 2001 by boyd & fraser publishing company A Division of South-Western Publishing Company One Corporate Place • Ferncroft Village Danvers, Massachusetts 260 d. Label of a videocassette © Prologic Pty Ltd 1995 Published in association with Longman Cheshire Pty Limited and Control Data Pty Limited Unit 6, 663 Main Street, Mt.

pages: 135 words: 53,708

Top 10 San Diego by Pamela Barrus, Dk Publishing


California gold rush, centre right, East Village, El Camino Real, haute cuisine, illegal immigration, Silicon Valley, the market place, transcontinental railway, urban renewal

When you walk the Gaslamp Quarter, note the short blocks and lack of alleys, created due to the opinion that corner lots were worth more and alleys only accumulated trash. 72 Little Italy stores, and hip cafés distinguish its streets. d Map J3 Asian Pacific Historic District An eight-block area that overlaps part of the Gaslamp Quarter designates the former center of San Diego’s Asian community. The Chinese came to San Diego following the California Gold Rush and took up fishing and construction work; others ran opium dens and gambling halls. Filipinos and Japanese soon followed. This is the home of Chinese New Year celebrations, a farmers’ market, and an Asian bazaar. Pick up a walking-tour map at the Chinese Historical Museum (see p42), and look out for the Asian architectural flourishes on the buildings you pass by. d Map J5 Museum of Contemporary Art A satellite location of the museum in La Jolla (see p32), galleries here present rotating exhibits from emerging and established contemporary artists, as well as selected pieces from the museum’s permanent collection.

pages: 230 words: 62,294

The Coffee Book: Anatomy of an Industry From Crop to the Last Drop by Gregory Dicum, Nina Luttinger


California gold rush, clean water, corporate social responsibility, cuban missile crisis, Edward Lloyd's coffeehouse, European colonialism, Honoré de Balzac, illegal immigration, land reform, land tenure, open economy, price stability, Ray Oldenburg, The Great Good Place

Folgers Coffee, for example, was founded by a Nantucket Yankee in San Francisco (somewhat of a departure from the norm, as most of the other major coffee companies, indeed companies period, were founded in the East and spread west). The young Jim Folger, in a made-for-TV story showcasing grit and the vicissitudes of fortune, pioneered his business of selling roasted and ground coffee to gold miners, who took to the convenience of not having to roast and grind their own. During the California gold rush, ships transporting miners from Central America (where they crossed the narrow isthmus after a sea journey from the eastern United States) to San Francisco made that city the first U.S. port to receive regular and large shipments of Central American coffee. The port also received coffee from the Dutch East Indies in bags marked with their origin: JAVA. This word was soon adopted to mean coffee in general.

pages: 187 words: 62,861

The Penguin and the Leviathan: How Cooperation Triumphs Over Self-Interest by Yochai Benkler

business process, California gold rush, citizen journalism, Daniel Kahneman / Amos Tversky, East Village, Everything should be made as simple as possible, experimental economics, experimental subject, framing effect, informal economy, invisible hand, jimmy wales, job satisfaction, Joseph Schumpeter, Kenneth Arrow, knowledge economy, laissez-faire capitalism, loss aversion, Murray Gell-Mann, Nicholas Carr, peer-to-peer, prediction markets, Richard Stallman, Scientific racism, Silicon Valley, Steven Pinker, telemarketer, Toyota Production System, ultimatum game, Washington Consensus, zero-sum game, Zipcar

Such examples show us (and in fact these are still relatively simple compared to most real-world situations) that we usually will require, and be willing to live with, more complex definitions of fairness. Gold Miners, Shipwreck Sailors, and Politicians: Fairness of Outcomes and Intentions Fairness can mean quite different things for different people in different settings. One example of this comes from the work of legal historian Andrea McDowell. McDowell studied the mining codes developed during the 1848–49 California gold rush. Because camps were cropping up like mushrooms after a rain, miners were transient, and the territory had not yet been formed into a state, it was impossible for authorities to effectively enforce a single, formal property law over mining rights. So instead the miners in each camp set up codes themselves to ensure that the distribution of the land would be more or less fair. They all agreed it was unfair for any one miner to claim more land than he could work, but beyond that, rules differed widely across the camps.

pages: 236 words: 77,735

Rigged Money: Beating Wall Street at Its Own Game by Lee Munson


affirmative action, asset allocation, backtesting, barriers to entry, Bernie Madoff, Bretton Woods, buy low sell high, California gold rush, call centre, Credit Default Swap, diversification, diversified portfolio, estate planning, fiat currency, financial innovation, fixed income, Flash crash, follow your passion, German hyperinflation, High speed trading, housing crisis, index fund, joint-stock company, money market fund, moral hazard, Myron Scholes, passive investing, Ponzi scheme, price discovery process, random walk, risk tolerance, risk-adjusted returns, risk/return, too big to fail, trade route, Vanguard fund, walking around money

I was researching this book while spending time in a Taos Earthship, The Dobson House. Unlike people, earthships are types of homes that don’t need gold to survive; they are off the grid and made of old tires and beer bottles. I was searching for the meaning of money, but only found a warm hot spring. The book is a factual account of the 1857 sinking of the SS Central America. A passenger ship retuning from the California Gold Rush, it was carrying what was then around $2 million in gold. A few guys from Ohio decided to track it down in the 1980s. They found it, along with what had turned into a billion dollars’ worth of gold. Think about it. The currency on the ship was all but worthless today, but the gold remains. This is gold’s power. The problem lies in the timing. When you buy and sell gold makes a difference.

pages: 287 words: 81,970

The Dollar Meltdown: Surviving the Coming Currency Crisis With Gold, Oil, and Other Unconventional Investments by Charles Goyette


bank run, banking crisis, Ben Bernanke: helicopter money, Berlin Wall, Bernie Madoff, Bretton Woods, British Empire, Buckminster Fuller, California gold rush, currency manipulation / currency intervention, Deng Xiaoping, diversified portfolio, Elliott wave, fiat currency, fixed income, Fractional reserve banking, housing crisis, If something cannot go on forever, it will stop - Herbert Stein's Law, index fund, Lao Tzu, margin call, market bubble, McMansion, money market fund, money: store of value / unit of account / medium of exchange, mortgage debt, oil shock, peak oil, pushing on a string, reserve currency, rising living standards, road to serfdom, Ronald Reagan, Saturday Night Live, short selling, Silicon Valley, transaction costs

Unresponsive to real-world changes in supply and demand, an artificial ratio could not reflect the impact of new gold supplies from discoveries such as in California’s Gold Rush. As gold became more plentiful (and cheaper), it took fewer silver coins to buy it; silver was relatively more valuable. Coins with the higher precious metals value, higher than the arbitrary government rate, in this case silver, would be hoarded or melted and sold; debts would be paid with the cheaper coinage. By 1853, five years after the California Gold Rush, Congress had to reduce the silver in the coinage to keep coins from disappearing. No artificial price or ratio can ever accommodate always changing supply/demand realities like the silver bonanza of the great Comstock Lode ten years later, much less the mushrooming demand for silver in our electronic and digital age. Left to move freely and thus reflect real economic conditions, the gold/silver ratio has moved from ancient times, when two ounces of silver could buy an ounce of gold, up to 100 to 1 in 1991.

pages: 272 words: 64,626

Eat People: And Other Unapologetic Rules for Game-Changing Entrepreneurs by Andy Kessler


23andMe, Andy Kessler, bank run, barriers to entry, Berlin Wall, Bob Noyce, British Empire, business process, California gold rush, carbon footprint, Cass Sunstein, cloud computing, collateralized debt obligation, collective bargaining, commoditize, computer age, creative destruction, disintermediation, Douglas Engelbart, Eugene Fama: efficient market hypothesis, fiat currency, Firefox, Fractional reserve banking, George Gilder, Gordon Gekko, greed is good, income inequality, invisible hand, James Watt: steam engine, Jeff Bezos, job automation, Joseph Schumpeter, knowledge economy, knowledge worker, libertarian paternalism, low skilled workers, Mark Zuckerberg, McMansion, Netflix Prize, packet switching, personalized medicine,, prediction markets, pre–internet, profit motive, race to the bottom, Richard Thaler, risk tolerance, risk-adjusted returns, Silicon Valley, six sigma, Skype, social graph, Steve Jobs, The Wealth of Nations by Adam Smith, transcontinental railway, transfer pricing, wealth creators, Yogi Berra

He employed tubular boilers and coal instead of burning wood, cost-lowering innovations not previously tried by others milking the route. The competition quickly followed. Vanderbilt was eventually bought out by the Association so they could get their high fees. Over time, Vanderbilt ran one hundred ships around Long Island and up and down the coast, making a fortune. Then he yanked the price down on the New York to San Francisco trip during the California Gold Rush. By going through Nicaragua instead of Panama, he shaved two days off the thirty-five-day trip. He cut prices from $600 to $400. His competitors were paid $500,000 by the Post Office to deliver the mail to California, so Vanderbilt offered to do it for free, and then he cut his passenger price for the trip to $150. Volume surged as every would-be gold miner had only to find $150 worth of gold to make the trip worthwhile.

pages: 202 words: 72,857

The Wealth Dragon Way: The Why, the When and the How to Become Infinitely Wealthy by John Lee


8-hour work day, Albert Einstein, barriers to entry, Bernie Madoff, butterfly effect, buy low sell high, California gold rush, Donald Trump, financial independence, high net worth, intangible asset, Mark Zuckerberg, negative equity, passive income, payday loans, self-driving car, Snapchat, Stephen Hawking, Steve Jobs, Tony Hsieh, Y2K

There should be no quitting until the final curtain. While you live and breathe, you have another chance. Whatever life has dealt you, you still have another chance. Never, never, never give up. Vince: Nothing speaks to me more on this point than the story about the man who gave up when he was three feet from finding gold. The story goes that a man from the East Coast wanted to get in on the California gold rush. He invested all his money in the necessary equipment, transported it all west, hired people to work for him and started digging. He kept digging for two years. He used up all his money, all his friends' money, got into debt and eventually gave up. He sold all his equipment to another guy and threw in the towel. The first day the second guy started digging he struck gold after going three feet.

pages: 306 words: 79,537

Prisoners of Geography: Ten Maps That Explain Everything About the World by Tim Marshall


9 dash line, Admiral Zheng, anti-communist, Berlin Wall, British Empire, California gold rush, colonial rule, cuban missile crisis, Deng Xiaoping, drone strike, European colonialism, facts on the ground, failed state, Fall of the Berlin Wall, Hans Island, LNG terminal, market fragmentation, megacity, Mercator projection distort size, especially Greenland and Africa, Mikhail Gorbachev, Monroe Doctrine, oil shale / tar sands, Scramble for Africa, South China Sea, trade route, transcontinental railway, Transnistria, UNCLOS, UNCLOS, zero-sum game

However, in the twenty-first century, in the southwest the cultural historical memory of the region as Hispanic land is likely to resurface, as the demographics are changing rapidly and Hispanics will be the majority population within a few decades. But back to 1848. The Europeans had gone, the Mississippi basin was secure from land attack, the Pacific was reached, and it was obvious that the remaining Native American nations would be subdued: there was no threat to the United States. It was time to make some money, and then venture out across the seas to secure the approaches to the three coastlines of the superpower-to-be. The California gold rush of 1848–49 helped, but the immigrants were heading west anyway; after all, there was a continental empire to build, and as it developed, more immigrants followed. The Homestead Act of 1862 awarded 160 acres of federally owned land to anyone who farmed it for five years and paid a small fee. If you were a poor man from Germany, Scandinavia, or Italy, why go to Latin America and be a serf, when you could go to the United States and be a free land-owning man?

pages: 228 words: 65,953

The Six-Figure Second Income by Lindahl, David; Rozek, Jonathan


bounce rate, California gold rush, financial independence, Google Earth, new economy, speech recognition, There's no reason for any individual to have a computer in his home - Ken Olsen

Then they heralded Facebook as the next big thing—until someone else swore the real game-changer was Twitter. These are often the same hucksters who told you that you could sit on the couch and money would spew from the TV. They want to be the pioneer whom you pay for the silver bullet that you seek to solve all your problems in one fell swoop. It ain’t gonna happen. Occasionally someone will figure out a clever angle and make some money from it. Then—just like the California Gold Rush—as soon as word gets out, there’s a mad scramble to get in on the action. Prices go up and the quality of the opportunity plummets. That story should only be depressing for the human pack rat, because the good news is that plenty of methods still work just fine for making money online. No single method is revolutionary, just as nothing is the single super-food you probably want to eat for the rest of your life to the exclusion of all else.

pages: 936 words: 252,313

Good Calories, Bad Calories: Challenging the Conventional Wisdom on Diet, Weight Control, and Disease by Gary Taubes


Albert Einstein, California gold rush, cognitive dissonance, collaborative editing, Drosophila, Everything should be made as simple as possible, experimental subject, Gary Taubes, invention of agriculture, John Snow's cholera map, meta analysis, meta-analysis, phenotype, placebo effect, Ralph Nader, randomized controlled trial, Richard Feynman, Richard Feynman, Robert Gordon, selection bias, the scientific method, Thomas Kuhn: the structure of scientific revolutions, unbiased observer, Upton Sinclair

Army battalion passed through Pima lands, the battalion’s surgeon John Griffin described the Pima as “sprightly” and in “fine health.” He also noted that the Pima had “the greatest abundance of food, and take care of it well, as we saw many of their storehouses full of pumpkins, melons, corn &c.” Life began to change dramatically the following year, when a wagon route was opened to California “by way of Tucson and the Pima villages.” This became the southernmost overland route for the California gold rush that began in 1849; tens of thousands of travelers passed through the Pima villages on the way west over the next decade. They relied on the Pima for food and supplies. With the arrival of Anglo-American and Mexican settlers in the late 1860s, the prosperity of the Pima came to an end, replaced by what the tribe referred to as “the years of famine.” Over the next quarter-century, these newcomers hunted the local game almost to extinction, and the Gila River water, on which the Pima depended for fishing and irrigating their own fields, was “entirely absorbed by the Anglo settlements upstream.”

“Dietary Guidelines in Perspective.” Journal of Nutrition. April; 126(4 suppl.):1042S–48S. ———. 1983. “Coronary Heart Disease—An Epidemic Related to Diet?” American Journal of Clinical Nutrition. April; 37(4):669–81. Harper, A. H. 1971. Review of Physiological Chemistry. 13th edition. Los Altos, Calif.: Lange Medical Publications. Harris, B. B. 1960. The Gila Trail: The Texas Argonauts and the California Gold Rush. Ed. R. H. Dillon. Norman: University of Oklahoma Press. Harris, M. 1985. Good to Eat: Riddles of Food and Culture. New York: Simon & Schuster. Harris, M., and E. B. Ross, eds. 1987. Food and Evolution: Toward a Theory of Human Food Habits. Philadelphia: Temple University Press. Harrison, D. E., J. R. Archer, and C. M. Astle. 1984. “Effects of Food Restriction on Aging: Separation of Food Intake and Adiposity.”

pages: 686 words: 201,972

Drink: A Cultural History of Alcohol by Iain Gately


barriers to entry, British Empire, California gold rush, corporate raider, delayed gratification, Deng Xiaoping, Edward Lloyd's coffeehouse, Fellow of the Royal Society, Gordon Gekko, greed is good, Haight Ashbury, Hernando de Soto, imperial preference, invisible hand, joint-stock company, Louis Pasteur, megacity, music of the spheres, Norman Mailer, Peace of Westphalia, refrigerator car, Ronald Reagan, South Sea Bubble, spice trade, strikebreaker, the scientific method, Tim Cook: Apple, trade route, traveling salesman, Upton Sinclair, V2 rocket, working poor

Here were maudlin squaws stretched on piles of buffalo robes; squalid Mexicans, armed with bows and arrows; Indians sedately drunk; long-haired Canadians and trappers, and American backwoodsmen in brown homespun, the well-beloved pistol and bowie knife displayed openly at their sides. In the middle of the room a tall, lank man, with a dingy broadcloth coat, was haranguing the company in the style of the stump orator. With one hand he sawed the air, and with the other clutched firmly a brown jug of whisky, which he applied every moment to his lips, forgetting that he had drained the contents long ago. Three years after Parkman’s excursion, the California gold rush commenced. The prospect of digging a fortune out of the distant hills fired the imagination of all America, and much of Europe. People set off in their thousands, and then their tens of thousands, all animated by the dream of filling their pockets with nuggets that rumor had scattered across the Far West. On one day in August 1850, 39,506 emigrants were counted passing Fort Laramie, and though this flood subsided over the following decade, sufficient numbers of people were crossing the country to change its face forever.

He paused on his voyage home in Mexico, where, even after eight months on the road through a nation in the making, he was shocked by the chaos and took “philosophical consolation in various experiments touching the influence of Mezcal brandy, the Mexican National drink, upon the human mind and body.” The tumult of Mexico, exaggerated by mescal, sweetened Burton’s perception of America, and in particular the last portion of its soil that he had touched. San Francisco, true to Richard Henry Dana’s prophecy, had become a considerable place, thanks to the gold rush. It is hard to overstate the impact of the California gold rush on the American and global economies. America had always been short of specie; and now its citizens were digging it by the sackful out of the California and Nevada mountains—$550 million worth, in 1850s prices, in the first decade alone. The rumor that America had not just free land but free gold, too, spread around the world, and people from Pacific and Atlantic nations set out for the new Eldorado.

pages: 740 words: 217,139

The Origins of Political Order: From Prehuman Times to the French Revolution by Francis Fukuyama


Admiral Zheng, agricultural Revolution, Andrei Shleifer, Asian financial crisis, Ayatollah Khomeini, barriers to entry, Berlin Wall, blood diamonds, California gold rush, cognitive dissonance, colonial rule, conceptual framework, correlation does not imply causation, currency manipulation / currency intervention, demographic transition, Deng Xiaoping, double entry bookkeeping, endogenous growth, equal pay for equal work, European colonialism, failed state, Fall of the Berlin Wall, Francis Fukuyama: the end of history, Francisco Pizarro, Hernando de Soto, hiring and firing, invention of agriculture, invention of the printing press, Khyber Pass, labour market flexibility, land reform, land tenure, means of production, offshore financial centre, out of africa, Peace of Westphalia, principal–agent problem, RAND corporation, rent-seeking, Right to Buy, Scramble for Africa, selective serotonin reuptake inhibitor (SSRI), spice trade, Stephen Hawking, Steven Pinker, the scientific method, The Wealth of Nations by Adam Smith, Thomas L Friedman, Thomas Malthus, trade route, transaction costs, Washington Consensus, zero-sum game

Thomas, The Rise of the Western World: A New Economic History (New York: Cambridge University Press, 1973), pp. 1–2. 3 Garrett Hardin, “The Tragedy of the Commons,” Science 162 (1968): 1243–48. See also Richard Pipes, Property and Freedom (New York: Knopf, 1999), p. 89. 4 See, for example, Yoram Barzel, Economic Analysis of Property Rights (New York: Cambridge University Press, 1989). 5 Such rights were said to have spontaneously emerged during the California gold rush of 1849–1850, when miners peacefully negotiated among themselves an allocation of the claims they had staked out. See Pipes, Property and Freedom, p. 91. This account ignores two important contextual factors: first, the miners were all products of an Anglo-American culture where respect for individual property rights was deeply embedded; second, these rights came at the expense of the customary rights to these territories on the part of the various indigenous peoples living there, which were not respected by the miners. 6 Charles K.

AusAid Australia; Aborigines of Austria Austro-Asiatic languages authoritarian regimes; accountability under; in China; electoral; in Latin America; in Middle East; modernization by; rule of law under; in Russia; in Stuart England autocracy autonomy; in China; of European cities; feudalism and; in France; institutional; in Ottoman Empire; of religious institutions Avignon, popes of Axelrod, Robert Aybak, Qutb-ud-din Ayn Jalut, Battle of Ayyubids Ayyvole merchant guild Azerbaijan Aztecs Ba’athists Bahri; Mamluk sultanate of Baker, Hugh Balkans Baluchistan Ban Biao Bangladesh Bank of England bao-jia system Baphaeon, Battle of Barlow, John Perry Barquq, Sultan Barro, Robert Barzel, Yoram Basij Basil II, Prince of Moscow Bates, Robert Batu Khan Baybars Becker, Gary Bede, Adam Bedouins Béla III, King of Hungary Béla IV, King of Hungary Benedict, Ruth Benedictine order Beowulf Berber tribesmen Berlin Wall, fall of Berman, Harold Bible Big Man Bimbisara, King of Magadha binding constraints Bindusara biology; evolutionary Bismarck, Otto von Black Army, Hungarian Blackstone, William Bloch, Marc Blum, Jerome Boas, Franz Bogotá Bohemia Bolivár, Simón Bolivia Bologna, University of Bolsheviks Bonnets Rouges uprising Boserup, Ester Bosnia Bourbons Brahmanism; corporate elites in; kinship in; limitations on literacy in; in Magadha empire; nonviolent doctrine of; rise of; social hierarchy of Brandenburg Brazil Brihadratha Britain; imperialism of (see also India, British rule in); Department for International Development of; monarchy of; Roman conquest of; see also England Bronze Age Buddhism; in China; in India bureaucracy; of Catholic church; in China ; in Denmark; in France; in Germany; in Hungary; in India; in Japan; of Mamluk sultanate; in Ottoman Empire; in Russia; in Spain; Umayyad Burji Mamluks Burke, Edmund Burma Busbecq, Ogier Ghiselin de Bushmen, Kalahari Byzantine Empire; Eastern church and caesaropapism in; eunuchs in; European trade with; kinship structures in; provincial administration system of; Turkish conquest of Caesar, Julius caesaropapism California gold rush Calvinism Canada Cannae, Battle of canon law Cao Cao Cao Pei Capetians capitalism; authoritarian; bourgeoisie and; global; property rights and; rise of capitation taxes Carneiro, Robert Carolingian Empire Carothers, Thomas Carpini, Archbishop caste system, Indian; British rule and; impact on individual freedom of; intermarriage and; patrimonialism and; state power limited by Castile Castro, Fidel Catherine II (the Great), Tsarina of Russia Catholic church; Brahmin authority compared to; celibacy of priesthood in; England and, ; in France; Gregorian reform of; in Hungary; kinship groups destroyed by; political allies of; property rights and; Protestant Reformation and popular grievances against; rule of law and; in Spain Catholic League Celtic tribes Central African Republic Chagnon, Napoleon Chandragupta Chang family Charlemagne Charles I, King of England Charles II, King of England Charles V, King of Spain and Holy Roman Emperor Charles VI, King of France Charles XII, King of Sweden Chávez, Hugo Chengzu, Emperor of China Cheyenne Indians chiefdoms; in China; in India; in Oceania Chile chimpanzees China; absolutism in; agrarian society in; appanage in; “bad emperor” problem in; bureaucracy in; campaign against the family in; cities in; Communist, see People’s Republic of China; constraints on imperial power in; dynastic, see specific dynasties; economic development of; eunuchs in; European state-building compared with; feudalism in; founding myth of; Grand Canal in; Great Wall of; Han system in; human evolution in; hydraulic hypothesis of state formation in; imperial; Indian development compared with; kinship structures in; latifundia in; Legalism in; Mandate of Heaven in; Marx on; modernization in; Mongol invasion of; patrimonialism in; peasants in; per capita income in; political decay in; population of; reconsolidation of modern state in; religion in (see also Confucianism); trade networks in; tribalism in; usurpation of Empress Wu in; warfare and state building in; western colonization of Cholas Chosroes I, Emperor of Persia Christianity; conversion to; equality in; kinship structures undermined by; New World colonies; in Roman Empire; rule of law and; saints in; Scriptures of; see also Catholic church; Protestantism Christians; Crusaders; in Ottoman Empire; in Sasanian Empire; see also Christianity Christmas; secular celebrations of Chu, state of Chun Doo-Hwan, General Chun Qiu (Spring and Autumn Annals) Circassian Mamluks Citibank cities; Abbassid; American; Chinese; English; French; Greek; Hanseatic League; Hungarian; Indian; Latin American; Mamluk; Mauryan; Mongol destruction of; Ottoman; Russian; Spanish civil war; in China; in Denmark; in England, see English Civil War; in France; in Mexico; in United States Clark, Gregory classical republicanism Clement III, Pope Clovis Clunaic movement, Coke, Edward Colbert, Jean-Baptiste cold war Collier, Paul Colombia Columbus, Christopher Comanche Indians Common Law; accountability and; Indian law and; institutional adaptability of; Parliament and; property rights under Commons, English communications technology communism; collapse of; primitive; of women and children Communist Manifesto, The (Marx and Engels) Communist Party; Chinese; Soviet Communist regimes; see also People’s Republic of China; Soviet Union comuneros, revolt of Concordance of Discordant Canons (Gratian) concubinage Condé, Louis de Bourbon, Prince de Confucianism; antifemale ideology of; gentleman-scholar ideal of; during Han dynasty; Legalism versus; during Ming dynasty; during Northern Song dynasty; Rectification of Names in; taxation and Confucius Congregationalists Congress, U.S.

pages: 273 words: 93,419

Let them eat junk: how capitalism creates hunger and obesity by Robert Albritton


Bretton Woods, California gold rush, clean water, collective bargaining, computer age, corporate personhood, creative destruction, deindustrialization, Food sovereignty, Haber-Bosch Process, illegal immigration, immigration reform, invisible hand, joint-stock company, joint-stock limited liability company, land reform, late capitalism, means of production, offshore financial centre, oil shale / tar sands, peak oil, price stability, profit maximization, profit motive, South Sea Bubble, the built environment, union organizing, Unsafe at Any Speed, upwardly mobile

This ideology of non-interference holds that one should be able to buy what one likes, where and when one likes, and as much as one likes, without so much as a glance from others. Consumption is arguably the activity our society deems most purely personal, outside the legitimate interest of society or government. Ironically it is considered even more private than sex.1 With a single-minded competitiveness reminiscent of the California gold rush, corporations are racing to stake their claim on the consumer group formerly known as children. What was once the purview of a few entertainment and toy companies has escalated into a gargantuan, multi-tentacled enterprise with a combined marketing budget estimated at over $15 billion annually – about 2.5 times more that what was spent in 1992. Children are the darlings of corporate America.

pages: 257 words: 94,168

Oil Panic and the Global Crisis: Predictions and Myths by Steven M. Gorelick


California gold rush, carbon footprint, energy security, energy transition, flex fuel, income per capita, invention of the telephone, meta analysis, meta-analysis, North Sea oil, oil shale / tar sands, oil shock, peak oil, price stability, profit motive, purchasing power parity, RAND corporation, statistical model, Thomas Malthus

Because it is much denser than typical river sediments, much of the gold has remained in riverbeds, where it is easily found and extracted by panning or other more elaborate yet similarly mechanical approaches to separate the dense gold from the lighter river sediments. Gold in placer deposits was easy to find and extract, in the sense that it took hard work but little technology to mine it. Placer gold discoveries spawned the California gold rush of 1849, the Australian gold rush of 1851, and the Yukon Klondike gold rush of 1897.134 The easily mined gold in placer deposits can be represented as the region near the top of a resource pyramid, as shown in Figure 4.55. Of course, the placer deposits near the top of the pyramid were largely mined out over a century ago, so the pyramid represents “all” gold deposits that have been exploited to date as well as those that can be tapped in the future.

pages: 366 words: 109,117

Higher: A Historic Race to the Sky and the Making of a City by Neal Bascomb


buttonwood tree, California gold rush, hiring and firing, margin call, market bubble, Ralph Waldo Emerson, transcontinental railway, Works Progress Administration

The walls of the first floor occupied approximately half of the 376.5-square-foot site. In other words, load-bearing masonry cost money, lots of money. The answer to this problem, however, was not to be solved in the city that first dared elevators. Instead, a city reeling from disaster found the solution. The man who solved the problem was William Le Baron Jenney, the son of a New England whaling captain. After sailing around the Cape Horn of Africa, joining the California gold rush, and serving as General William Tecumseh Sherman’s chief of engineers during his destructive sweep from Atlanta to the coast, Jenney settled in Chicago to practice architecture. He arrived in time to witness one of the most devastating conflagrations in history: the Great Chicago Fire of 1871. In the course of two days, a blaze swept through the city, incinerating wooden houses, mansions, barns, sheds, jerry-built tenements and warehouses, factories, grand department stores, and office buildings—old and new ones alike.

pages: 394 words: 108,215

What the Dormouse Said: How the Sixties Counterculture Shaped the Personal Computer Industry by John Markoff


Any sufficiently advanced technology is indistinguishable from magic, Apple II, back-to-the-land, beat the dealer, Bill Duvall, Bill Gates: Altair 8800, Buckminster Fuller, California gold rush, card file, computer age, computer vision, conceptual framework, cuban missile crisis, Donald Knuth, Douglas Engelbart, Douglas Engelbart, Dynabook, Edward Thorp, El Camino Real, Electric Kool-Aid Acid Test, general-purpose programming language, Golden Gate Park, Hacker Ethic, hypertext link, informal economy, information retrieval, invention of the printing press, Jeff Rulifson, John Markoff, John Nash: game theory, John von Neumann, Kevin Kelly, knowledge worker, Mahatma Gandhi, Menlo Park, Mother of all demos, Norbert Wiener, packet switching, Paul Terrell, popular electronics, QWERTY keyboard, RAND corporation, RFC: Request For Comment, Richard Stallman, Robert X Cringely, Sand Hill Road, Silicon Valley, Silicon Valley startup, South of Market, San Francisco, speech recognition, Steve Crocker, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Ted Nelson, Thorstein Veblen, Turing test, union organizing, Vannevar Bush, Whole Earth Catalog, William Shockley: the traitorous eight

Kepler’s bookstore on El Camino Real, just two miles north of the Stanford University campus, served as a beacon for an eclectic group of intellectuals who were outsiders in a community that was largely split in its economic dependence among Stanford, a fledgling electronics industry, and large military contractors like Lockheed. Woodside, a forested town just northwest of Stanford, was already a bedroom community and retreat, but for an earlier San Francisco financial elite with roots in the California Gold Rush. The Silicon Valley technology magnates hadn’t yet taken over the mansions and estates set among the redwoods. There was a small bohemia tucked away in nooks and crannies on the Peninsula, like the Perry Lane writers’ community, in a rustic cluster of cabins adjacent to the Stanford Golf Course. Some of the houses were tiny cottages, no more than four hundred square feet in size. Although it was partially torn down in 1963 by developers, it was for many years the center of the Midpeninsula intellectual underground in the fifties, home to an eclectic group of artists, authors, communists, and other ne’er-do-wells.

pages: 391 words: 99,963

The Weather of the Future by Heidi Cullen


2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, air freight, American Society of Civil Engineers: Report Card, availability heuristic, back-to-the-land, bank run, California gold rush, carbon footprint, clean water, colonial rule, energy security, illegal immigration, Intergovernmental Panel on Climate Change (IPCC), Isaac Newton, mass immigration, megacity, millennium bug, out of africa, Silicon Valley, smart cities, trade route, urban planning, Y2K

This dead matter can’t get enough oxygen to break down completely, because everything is waterlogged. “It took 6,000 years for that peat deposit to build, as one layer of new plant material grew on top of previous layers of peat,” Lund says. Through this gradual process of flooding and rebuilding, a diverse, resilient ecosystem evolved. Then came the gold rush. It was actually during the California gold rush that farmers stumbled on the Delta and struck their own kind of gold. The peat in the Delta was capable of producing excellent crops. But to farm the organic-rich soils, farmers first needed to drain the islands. After 6,000 years of continual flooding and rebuilding, the Delta was, for the first time, being pinned down. “This involved constructing levees around the islands, filling most tidal channels, and, most important, lowering local groundwater tables below crop root zones by constructing perimeter drains,” Lund explains.

pages: 370 words: 97,138

Beyond: Our Future in Space by Chris Impey


3D printing, Admiral Zheng, Albert Einstein, Alfred Russel Wallace, Berlin Wall, Buckminster Fuller, butterfly effect, California gold rush, carbon-based life, Colonization of Mars, cosmic abundance, crowdsourcing, cuban missile crisis, dark matter, discovery of DNA, Doomsday Clock, Edward Snowden, Elon Musk, Eratosthenes, Haight Ashbury, Hyperloop, I think there is a world market for maybe five computers, Isaac Newton, Jeff Bezos, John von Neumann, Kickstarter, life extension, Mahatma Gandhi, Marc Andreessen, Mars Rover, mutually assured destruction, Oculus Rift, operation paperclip, out of africa, Peter H. Diamandis: Planetary Resources, phenotype, purchasing power parity, RAND corporation, Ray Kurzweil, RFID, Richard Feynman, Richard Feynman, Richard Feynman: Challenger O-ring, risk tolerance, Rubik’s Cube, Search for Extraterrestrial Intelligence, Searching for Interstellar Communications, Silicon Valley, skunkworks, Skype, Stephen Hawking, Steven Pinker, supervolcano, technological singularity, telepresence, telerobotics, the medium is the message, the scientific method, theory of mind, There's no reason for any individual to have a computer in his home - Ken Olsen, V2 rocket, wikimedia commons, X Prize, Yogi Berra

As we’ve seen early in this book, humans spread out of Africa and adapted to many inhospitable climates, such as the arid deserts of the Middle East and the frozen tundra of Siberia. Even today, descendants of these early voyagers make their homes in inclement places. Consider, for example, the durability of the people who live at the hottest, highest, driest, and coldest places on Earth. The Timbisha tribe of Native Americans has lived near Furnace Creek in the Mojave Desert for more than a thousand years. Prospectors on their way to the California Gold Rush in the 1840s named this place Death Valley; in the summer, it can reach a scorching 134°F (57°C). The land is harsh, but until the traditional way of life was encroached upon in the last century, it provided the Timbisha with all they needed. The tribe traveled seasonally to harvest wild fruit and seeds. Piñon pine nuts and mesquite beans were major parts of their diet, augmented by lizards and rabbits.1 Thousands of miles to the south, in the Peruvian Andes, indigenous people still live at an altitude of 18,000 feet (5,100 meters), high enough to give anyone who is unacclimated headaches and other symptoms of altitude sickness.

pages: 432 words: 85,707

QI: The Third Book of General Ignorance (Qi: Book of General Ignorance) by John Lloyd, John Mitchinson


Albert Einstein, British Empire, California gold rush, cognitive dissonance, dark matter, double helix, epigenetics, Johann Wolfgang von Goethe, music of the spheres, out of africa, Ronald Reagan, The Wisdom of Crowds, trade route

That’s because it was written to celebrate Thanksgiving. Originally entitled ‘The One-Horse Open Sleigh’, ‘Jingle Bells’ was the work of American composer James Lord Pierpont (1822–93), uncle of the financier J. P. Morgan. Pierpont’s father commissioned it for a Thanksgiving service. Pierpont led a wild life – at 14 he ran away to sea and joined a whaling ship. At 27 he left his wife and children in Boston to join the California gold rush. After re-inventing himself as a photographer, he lost all his possessions in a fire and moved to Savannah, Georgia, where he joined the Confederate army during the Civil War. Throughout this period he continued to write songs, ballads and dance tunes, including Confederate battle hymns and ‘minstrel’ songs for performance by white people with blacked-up faces. Some of his less festive tunes include ‘We Conquer or Die’ and ‘Strike for the South’.

pages: 366 words: 94,209

Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity by Douglas Rushkoff


3D printing, activist fund / activist shareholder / activist investor, Airbnb, algorithmic trading, Amazon Mechanical Turk, Andrew Keen, bank run, banking crisis, barriers to entry, bitcoin, blockchain, Burning Man, business process, buy low sell high, California gold rush, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, centralized clearinghouse, citizen journalism, clean water, cloud computing, collaborative economy, collective bargaining, colonial exploitation, Community Supported Agriculture, corporate personhood, corporate raider, creative destruction, crowdsourcing, cryptocurrency, disintermediation, diversified portfolio, Elon Musk, Erik Brynjolfsson, ethereum blockchain, fiat currency, Firefox, Flash crash, full employment, future of work, gig economy, Gini coefficient, global supply chain, global village, Google bus, Howard Rheingold, IBM and the Holocaust, impulse control, income inequality, index fund, iterative process, Jaron Lanier, Jeff Bezos, jimmy wales, job automation, Joseph Schumpeter, Kickstarter, loss aversion, Lyft, Marc Andreessen, Mark Zuckerberg, market bubble, market fundamentalism, Marshall McLuhan, means of production, medical bankruptcy, minimum viable product, Naomi Klein, Network effects, new economy, Norbert Wiener, Oculus Rift, passive investing, payday loans, peer-to-peer lending, Peter Thiel, post-industrial society, profit motive, quantitative easing, race to the bottom, recommendation engine, reserve currency, RFID, Richard Stallman, ride hailing / ride sharing, Ronald Reagan, Satoshi Nakamoto, Second Machine Age, shareholder value, sharing economy, Silicon Valley, Snapchat, social graph, software patent, Steve Jobs, TaskRabbit, The Future of Employment, trade route, transportation-network company, Turing test, Uber and Lyft, Uber for X, unpaid internship, Y Combinator, young professional, zero-sum game, Zipcar

Sure, there were a few friends and industry insiders who had thrown in a little seed money and reaped real rewards, but the process was opaque to the vast majority of the investment community, who were generally shut out of all this until shares became public. By then, many of the companies had peaked, anyway. As in any pyramid scheme, the real money gets made by those who get in early. So existing venture capitalists, as well as scores of freshly minted ones, came on the scene. This was the late 1990s, when Wired said we were in the “long boom,” and the Internet development landscape had taken on the quality of a second California Gold Rush. Finding an “angel” with ready cash was easier than finding a kid who knew how to mark up a Web page. Over the next decade, a basic playbook was established for how a startup gets to IPO or acquisition. Get an idea in college, find a programmer in the same dorm, build a prototype, write a business plan, present it at a conference, do an “angel round,” hire a couple more programmers to get to “minimum viable product,” raise a “Series A” round of investment, launch on the Web or App Store, achieve or manufacture huge numbers, write a new business plan with some scalable vision, raise a “Series B” round (if you absolutely need more funding), then get acquired or do an IPO.

The Geography of Nowhere: The Rise and Decline of America's Man-Made Landscape by James Howard Kunstler


A Pattern Language, blue-collar work, California gold rush, car-free, City Beautiful movement, corporate governance, Donald Trump, financial independence, fixed income, Ford paid five dollars a day, Frank Gehry, germ theory of disease, indoor plumbing, jitney, land tenure, mass immigration, means of production, megastructure, Menlo Park, new economy, oil shock, place-making, Plutocrats, plutocrats, postindustrial economy, Potemkin village, Ronald Reagan, urban planning, urban renewal, urban sprawl, Whole Earth Review, working poor, Works Progress Administration, yellow journalism

The old buildings and the relationships between them remained preserved, as if in cold storage, into the twentieth cen­ tury. Woodstock remained lucky. While other towns slept, it became a resort. Its rustic inns for country lawyers evolved into proper hotels for families, and city folk of means would come to stay for weeks at a time, or even for the summer. Men who had made fortunes elsewhere bought homes in the village, most notably Frederick Billings, a Woodstock boy who went west in the California gold rush, learned law out there, and ended up President of the Northern Pacific Railroad. He returned to his hometown in his later years and became its great benefactor. The Bill­ ings connection persists to this day, since his granddaughter married Laurance Rockefeller, grandson of John D. the first. � When people visit Woodstock today, what they see there is a com­ munity much influenced by two great family fortunes, and an economy based in almost every way on resources that are not local.

pages: 464 words: 116,945

Seventeen Contradictions and the End of Capitalism by David Harvey


accounting loophole / creative accounting, bitcoin, Branko Milanovic, Bretton Woods, BRICs, British Empire, business climate, California gold rush, call centre, central bank independence, clean water, cloud computing, collapse of Lehman Brothers, colonial rule, creative destruction, Credit Default Swap, David Ricardo: comparative advantage, deindustrialization, demographic dividend, Deng Xiaoping, deskilling, drone strike, end world poverty, falling living standards, fiat currency, first square of the chessboard, first square of the chessboard / second half of the chessboard, Food sovereignty, Frank Gehry, future of work, global reserve currency, Guggenheim Bilbao, Gunnar Myrdal, income inequality, informal economy, invention of the steam engine, invisible hand, Isaac Newton, Jane Jacobs, Jarndyce and Jarndyce, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Just-in-time delivery, knowledge worker, low skilled workers, Mahatma Gandhi, market clearing, Martin Wolf, means of production, microcredit, new economy, New Urbanism, Occupy movement, peak oil, phenotype, Plutocrats, plutocrats, Ponzi scheme, quantitative easing, rent-seeking, reserve currency, road to serfdom, Robert Gordon, Ronald Reagan, short selling, Silicon Valley, special economic zone, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, transaction costs, Tyler Cowen: Great Stagnation, wages for housework, Wall-E, women in the workforce, working poor, working-age population

The reasons they were selected are important. To begin with these metals were relatively scarce and there is a fairly constant accumulated supply. I cannot go into my back yard and dig up some gold or silver whenever I want. The supply of the precious metals is relatively inelastic, so they maintain their relative value against all other commodities over time (though bursts of production activity, like the California gold rush, did create some problems). Most of the world’s gold is already mined and above ground. Second, these metals do not oxidise and deteriorate (as would happen if we chose raspberries or potatoes as our money commodity): this means that they maintain their physical characteristics over the time of a market transaction and, even more importantly, they can function relatively safely as a long-term store of value.

pages: 457 words: 128,838

The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order by Paul Vigna, Michael J. Casey


3D printing, Airbnb, altcoin, bank run, banking crisis, bitcoin, blockchain, Bretton Woods, California gold rush, capital controls, carbon footprint, clean water, collaborative economy, collapse of Lehman Brothers, Columbine, Credit Default Swap, cryptocurrency, David Graeber, disintermediation, Edward Snowden, Elon Musk, ethereum blockchain, fiat currency, financial innovation, Firefox, Flash crash, Fractional reserve banking, hacker house, Hernando de Soto, high net worth, informal economy, intangible asset, Internet of things, inventory management, Julian Assange, Kickstarter, Kuwabatake Sanjuro: assassination market, litecoin, Long Term Capital Management, Lyft, M-Pesa, Marc Andreessen, Mark Zuckerberg, McMansion, means of production, Menlo Park, mobile money, money: store of value / unit of account / medium of exchange, Network effects, new economy, new new economy, Nixon shock, offshore financial centre, payday loans, Pearl River Delta, peer-to-peer, peer-to-peer lending,, Ponzi scheme, prediction markets, price stability, profit motive, QR code, RAND corporation, regulatory arbitrage, rent-seeking, reserve currency, Robert Shiller, Robert Shiller, Satoshi Nakamoto, seigniorage, shareholder value, sharing economy, short selling, Silicon Valley, Silicon Valley startup, Skype, smart contracts, special drawing rights, Spread Networks laid a new fibre optics cable between New York and Chicago, Steve Jobs, supply-chain management, Ted Nelson, The Great Moderation, the market place, the payments system, The Wealth of Nations by Adam Smith, too big to fail, transaction costs, tulip mania, Turing complete, Tyler Cowen: Great Stagnation, Uber and Lyft, underbanked, WikiLeaks, Y Combinator, Y2K, zero-sum game, Zimmermann PGP

It’s a big story, one that spans the globe, from the high-tech hub of Silicon Valley to the streets of Beijing. It includes visits to the mountains of Utah, the beaches of Barbados, schools in Afghanistan, and start-ups in Kenya. The world of cryptocurrencies comprises venture-capital royalty, high school dropouts, businessmen, utopians, anarchists, students, humanitarians, hackers, and Papa John’s pizza. It’s got parallels with the financial crisis, and the new sharing economy, and the California gold rush, and before it’s all over, we may have to endure an epic battle between a new high-tech world and the old low-tech world that could throw millions out of work, while creating an entirely new breed of millionaires. Are you ready to jump down the bitcoin rabbit hole? One FROM BABYLON TO BITCOIN The eye has never seen, nor the hand touched a dollar. —Alfred Mitchell Innes For any currency to be viable, be it a decentralized cryptocurrency issued by a computer program or a traditional “fiat” currency issued by a government, it must win the trust of the community using it.

pages: 412 words: 122,952

Day We Found the Universe by Marcia Bartusiak


Albert Einstein, Albert Michelson, Arthur Eddington, California gold rush, Cepheid variable, Copley Medal, cosmic microwave background, cosmological constant, Edmond Halley, Edward Charles Pickering, Fellow of the Royal Society, fudge factor, Harlow Shapley and Heber Curtis, Harvard Computers: women astronomers, horn antenna, invention of the telescope, Isaac Newton, Louis Pasteur, Magellanic Cloud, Occam's razor, Pluto: dwarf planet, Solar eclipse in 1919, William of Occam

Arriving in San Francisco by ship in 1848, just as California was about to secede from Mexico, he came ashore with $30,000 in gold doubloons and six hundred pounds of Peruvian chocolate made by his friend Domingo Ghirardelli. Wasting no time, Lick quickly put his incisive business acumen to work. He shrewdly used his gold to purchase real estate in San Francisco, then just a scrubby town with scarcely a thousand inhabitants. When residents started heading to the hills to make their fortune in the California gold rush, Lick was there to provide them with a stake by buying up their town land at bargain prices. He also bought a gristmill, greatly expanding it, and built California's first great luxury hotel, the opulent Lick House, which occupied an entire city block (and was later destroyed in the fire that tore through San Francisco after its horrific 1906 earthquake). James Lick (Mary Lea Shane Archives of the Lick Observatory, University Library, University of California-Santa Cruz) Lick never married but still built a homestead at the south end of San Jose, where he lovingly cultivated rare plants and shrubs from around the world.

pages: 632 words: 159,454

War and Gold: A Five-Hundred-Year History of Empires, Adventures, and Debt by Kwasi Kwarteng


accounting loophole / creative accounting, anti-communist, Asian financial crisis, asset-backed security, Atahualpa, balance sheet recession, bank run, banking crisis, Big bang: deregulation of the City of London, Bretton Woods, British Empire, California gold rush, capital controls, Carmen Reinhart, central bank independence, centre right, collapse of Lehman Brothers, collateralized debt obligation, credit crunch, currency manipulation / currency intervention, Deng Xiaoping, discovery of the americas, Etonian, eurozone crisis, fiat currency, financial innovation, fixed income, floating exchange rates, Francisco Pizarro, full employment, German hyperinflation, hiring and firing, income inequality, invisible hand, Isaac Newton, John Maynard Keynes: Economic Possibilities for our Grandchildren, joint-stock company, joint-stock limited liability company, Joseph Schumpeter, Kenneth Rogoff, labour market flexibility, liberal capitalism, market bubble, money: store of value / unit of account / medium of exchange, moral hazard, new economy, oil shock, Plutocrats, plutocrats, Ponzi scheme, price mechanism, quantitative easing, rolodex, Ronald Reagan, South Sea Bubble, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, the market place, The Wealth of Nations by Adam Smith, too big to fail, War on Poverty, Yom Kippur War

As Faisal’s closest adviser, he had been showered with gifts and favours by a grateful King and it was fitting that when the King was shot he lay dying in Yamani’s arms. It was after the Saudi oil embargo to the United States had ended in the spring of 1974 that the boom time really came to Saudi Arabia. From 1974 until well into 1976, ‘with oil flowing like Manna from heaven, Saudi Arabia was the California gold rush in spades’.25 The Saudis themselves were spending their new-found wealth with abandon. Sir John Witton, a British diplomat who arrived at the Embassy in Riyadh in 1976, remembered how ‘Saudi prosperity manifested itself in a total blockage of the ports.’ He spoke of the ‘incredible sight’ of ‘hundreds of ships queuing off Jeddah, waiting to unload’. This was also the time when tales were told about ‘piles of merchandise, rusting, rotting, being eaten by rats on the quayside’.

Guns, germs, and steel: the fates of human societies by Jared M. Diamond


affirmative action, Atahualpa, British Empire, California gold rush, correlation does not imply causation, cuban missile crisis, discovery of the americas, European colonialism, Francisco Pizarro, Hernando de Soto, invention of movable type, invention of the wheel, invention of writing, James Watt: steam engine, Maui Hawaii, QWERTY keyboard, the scientific method, trade route

Smaller native societies were destroyed more casually, by small-scale raids and murders carried out by private citizens. For instance, California's native hunter-gatherers initially numbered about 200,000 in aggregate, but they were splintered among a hundred tribelets, none of which required a war to be defeated. Most of those tribelets were killed off or dispossessed during or soon after the California gold rush of 1848-52, when large numbers of immigrants flooded the state. As one example, the Yahi tribelet of northern California, numbering about 2,000 and lacking firearms, was destroyed in four raids by armed white settlers: a dawn raid on a Yahi village carried out by 17 settlers on August 6, 1865; a massacre of Yahis surprised in a ravine in 1866; a massacre of 33 Yahis tracked to a cave around 1867; and a final massacre of about 30 Yahis trapped in another cave by 4 cowboys around 1868.

Investment: A History by Norton Reamer, Jesse Downing


activist fund / activist shareholder / activist investor, Albert Einstein, algorithmic trading, asset allocation, backtesting, banking crisis, Berlin Wall, Bernie Madoff, break the buck, Brownian motion, buttonwood tree, California gold rush, capital asset pricing model, Carmen Reinhart, carried interest, colonial rule, credit crunch, Credit Default Swap, Daniel Kahneman / Amos Tversky, debt deflation, discounted cash flows, diversified portfolio, equity premium, estate planning, Eugene Fama: efficient market hypothesis, Fall of the Berlin Wall, family office, Fellow of the Royal Society, financial innovation, fixed income, Gordon Gekko, Henri Poincaré, high net worth, index fund, information asymmetry, interest rate swap, invention of the telegraph, James Hargreaves, James Watt: steam engine, joint-stock company, Kenneth Rogoff, labor-force participation, land tenure, London Interbank Offered Rate, Long Term Capital Management, loss aversion, Louis Bachelier, margin call, means of production, Menlo Park, merger arbitrage, money market fund, moral hazard, mortgage debt, Myron Scholes, negative equity, Network effects, new economy, Nick Leeson, Own Your Own Home, Paul Samuelson, pension reform, Ponzi scheme, price mechanism, principal–agent problem, profit maximization, quantitative easing, RAND corporation, random walk, Renaissance Technologies, Richard Thaler, risk tolerance, risk-adjusted returns, risk/return, Robert Shiller, Robert Shiller, Sand Hill Road, Sharpe ratio, short selling, Silicon Valley, South Sea Bubble, sovereign wealth fund, spinning jenny, statistical arbitrage, survivorship bias, technology bubble, The Wealth of Nations by Adam Smith, time value of money, too big to fail, transaction costs, underbanked, Vanguard fund, working poor, yield curve

The influence of auctioneers, who often charged very high fees and failed to create order in the transaction process, was curtailed within the exchange for the first time. The new organization was called the “New York Stock & Exchange Board.”70 Three decades later, the traders who continued to trade in the streets of New York outside Water Street and Wall Street came to be called curbstone brokers. Typically, the curbstone brokers would be heavily involved in making markets in higher-risk firms, like turnpike or railroad companies. The California Gold Rush of the 1840s only drove business further for these curbstone brokers, with mining companies being added to the mix. By 1859, oil was discovered in western Pennsylvania and oil stocks began trading among the brokers as well.71 In 1863, the New York Stock & Exchange Board’s name was shortened to the New York Stock Exchange, or NYSE. In 1868, membership became a valuable commodity—one could join the NYSE only by purchasing 1 of 1,366 existing seats on the exchange.72 Meanwhile, the curbstone brokers needed better infrastructure.

Stocks for the Long Run, 4th Edition: The Definitive Guide to Financial Market Returns & Long Term Investment Strategies by Jeremy J. Siegel


asset allocation, backtesting, Black-Scholes formula, Bretton Woods, buy low sell high, California gold rush, capital asset pricing model, cognitive dissonance, compound rate of return, correlation coefficient, Daniel Kahneman / Amos Tversky, diversification, diversified portfolio, dividend-yielding stocks, equity premium, Eugene Fama: efficient market hypothesis, fixed income, German hyperinflation, implied volatility, index arbitrage, index fund, Isaac Newton, joint-stock company, Long Term Capital Management, loss aversion, market bubble, mental accounting, Myron Scholes, new economy, oil shock, passive investing, Paul Samuelson, popular capitalism, prediction markets, price anchoring, price stability, purchasing power parity, random walk, Richard Thaler, risk tolerance, risk/return, Robert Shiller, Robert Shiller, Ronald Reagan, shareholder value, short selling, South Sea Bubble, survivorship bias, technology bubble, The Great Moderation, The Wisdom of Crowds, transaction costs, tulip mania, Vanguard fund

Dave: When the Internet stocks crashed in April, I sold out right before we lost all our gains. Unfortunately, we didn’t make much on those stocks, but we didn’t lose either. I think we’re on the right track now. Those Internet companies weren’t making any money. All the new firms we now own form the backbone of the Internet and all are profitable. Allan told me an important principle: Do you know who made the most money in the California Gold Rush of the 1850s? Not the gold miners. Oh, some of the early diggers found gold, but most found nothing. The real winners from the Gold Rush were those that sold supplies to the miners—pick axes, boots, pans, and hiking gear. The lesson is very clear, most of the Internet companies are going to fail, but those supplying the backbone of the Internet—the routers, software, and fiber optic cables—will be the big winners.

pages: 527 words: 147,690

Terms of Service: Social Media and the Price of Constant Connection by Jacob Silverman


23andMe, 4chan, A Declaration of the Independence of Cyberspace, Airbnb, airport security, Amazon Mechanical Turk, augmented reality, basic income, Brian Krebs, California gold rush, call centre, cloud computing, cognitive dissonance, commoditize, correlation does not imply causation, Credit Default Swap, crowdsourcing, don't be evil, drone strike, Edward Snowden, feminist movement, Filter Bubble, Firefox, Flash crash, game design, global village, Google Chrome, Google Glasses, hive mind, income inequality, informal economy, information retrieval, Internet of things, Jaron Lanier, jimmy wales, Kevin Kelly, Kickstarter, knowledge economy, knowledge worker, late capitalism, license plate recognition, life extension, lifelogging, Lyft, Mark Zuckerberg, Mars Rover, Marshall McLuhan, mass incarceration, meta analysis, meta-analysis, Minecraft, move fast and break things, move fast and break things, national security letter, Network effects, new economy, Nicholas Carr, Occupy movement, optical character recognition, payday loans, Peter Thiel, postindustrial economy, prediction markets, pre–internet, price discrimination, price stability, profit motive, quantitative hedge fund, race to the bottom, Ray Kurzweil, recommendation engine, rent control, RFID, ride hailing / ride sharing, self-driving car, sentiment analysis, shareholder value, sharing economy, Silicon Valley, Silicon Valley ideology, Snapchat, social graph, social web, sorting algorithm, Steve Ballmer, Steve Jobs, Steven Levy, TaskRabbit, technoutopianism, telemarketer, transportation-network company, Turing test, Uber and Lyft, Uber for X, universal basic income, unpaid internship, women in the workforce, Y Combinator, Zipcar

MarketPsy Capital also briefly ran a hedge fund relying on social-media data before liquidating the fund and deciding to focus on selling its social-media analysis directly to clients. (Investors, some shaken by the recession, were reportedly leery of putting their money in such novel investment funds.) Most hedge funds looking at social-media data seem to be taking this kind of approach, buying packages of analysis from third-party firms. As the proverb about the California gold rush goes, it often pays more to sell the shovels than to use them to dig. But at least twelve quantitative hedge funds pay a firm called Gnip to pipe all of the over 500 million or so tweets produced each day directly into their platforms. Sentiment analysis is a perfect product for a tech industry awash in data and searching for ways to make money off it. It’s but another way in which the behaviors, actions, identities, and feelings of Internet users are being bought and sold, often without their knowledge, and put toward uncertain ends.

Culture and Prosperity: The Truth About Markets - Why Some Nations Are Rich but Most Remain Poor by John Kay


Albert Einstein, Asian financial crisis, Barry Marshall: ulcers, Berlin Wall, Big bang: deregulation of the City of London, California gold rush, complexity theory, computer age, constrained optimization, corporate governance, corporate social responsibility, correlation does not imply causation, Daniel Kahneman / Amos Tversky, David Ricardo: comparative advantage, Donald Trump, double entry bookkeeping, double helix, Edward Lloyd's coffeehouse, equity premium, Ernest Rutherford, European colonialism, experimental economics, Exxon Valdez, failed state, financial innovation, Francis Fukuyama: the end of history, George Akerlof, George Gilder, greed is good, Gunnar Myrdal, haute couture, illegal immigration, income inequality, industrial cluster, information asymmetry, intangible asset, invention of the telephone, invention of the wheel, invisible hand, John Meriwether, John Nash: game theory, John von Neumann, Kenneth Arrow, Kevin Kelly, knowledge economy, labour market flexibility, late capitalism, light touch regulation, Long Term Capital Management, loss aversion, Mahatma Gandhi, market bubble, market clearing, market fundamentalism, means of production, Menlo Park, Mikhail Gorbachev, money: store of value / unit of account / medium of exchange, moral hazard, Myron Scholes, Naomi Klein, Nash equilibrium, new economy, oil shale / tar sands, oil shock, Pareto efficiency, Paul Samuelson,, popular electronics, price discrimination, price mechanism, prisoner's dilemma, profit maximization, purchasing power parity, QWERTY keyboard, Ralph Nader, RAND corporation, random walk, rent-seeking, Right to Buy, risk tolerance, road to serfdom, Ronald Coase, Ronald Reagan, second-price auction, shareholder value, Silicon Valley, Simon Kuznets, South Sea Bubble, Steve Jobs, telemarketer, The Chicago School, The Death and Life of Great American Cities, The Market for Lemons, The Nature of the Firm, the new new thing, The Predators' Ball, The Wealth of Nations by Adam Smith, Thorstein Veblen, total factor productivity, transaction costs, tulip mania, urban decay, Vilfredo Pareto, Washington Consensus, women in the workforce, yield curve, yield management

Economic journal 82: 883-96. Ridings, W., and S. Mciver. 1997. Rating the Presidents. Secaucus, N.J.: Citadel Press. Robbins, L. C. 1935. An Essay on the Nature and Significance of Economic Science. London: Macmillan. Rogoff, K., and]. Zettelmayer. 2002. "Early Ideas on Sovereign Bankruptcy Reorganization: A Survey." IMFWorkingPaper 2/57. { 406} Bibliography Rohrbough, M. J. 1997. Days of Gold: The California Gold Rush and the American Nation. Berkeley and London: University of California Press. Rorty, R 1979. Philosophy and the MirrorofNature. Princeton: Princeton University Press. Rosenstein-Rodan, P. N. 1943. "Problems oflndustrialization ofEastern and Southeastern Europe." Economic journal 53 Gune-September): 202-11. ---. 1961. "Notes on the Theory of the Big Push." In H. S. Ellis and H. C. Wallich, eds., Economic Development for Latin America.

pages: 456 words: 123,534

The Dawn of Innovation: The First American Industrial Revolution by Charles R. Morris


air freight, British Empire, business process, California gold rush, clean water, colonial exploitation, computer age, Dava Sobel,, glass ceiling, hiring and firing, if you build it, they will come, interchangeable parts, Isaac Newton, Jacquard loom, Jacquard loom, James Hargreaves, James Watt: steam engine, John Harrison: Longitude, joint-stock company, lone genius, manufacturing employment, new economy, New Urbanism, old age dependency ratio, On the Economy of Machinery and Manufactures, purchasing power parity, QWERTY keyboard, refrigerator car, Robert Gordon, spinning jenny, Stephen Hawking, The Wealth of Nations by Adam Smith, trade route, transcontinental railway, traveling salesman

On the early matchups, the Collins ships—besides being much bigger—proved much faster. Cunard commissioned two big new ships, the Asia and the Africa, which were a marked improvement. But they did not decisively trump the Americans until the launch of the very large and very fast Persia in 1855. 47 Cornelius Vanderbilt, in the meantime, had been gaining experience as an ocean steamship operator by running a lucrative Pacific line to take advantage of the California Gold Rush. The route went from New York to a port on the coast of Nicaragua. Passengers then embarked on a combined river-lake-transit road trip across the peninsula to meet steamships to San Francisco. His first ship commissioned for the East Coast leg was the Prometheus, which in 1850 made the 5,600-mile run, including stops at Havana on the way down and at New Orleans on the way back, in the extraordinary time of nineteen days, while consuming about a third less coal than any comparably sized ship would have required.48 The secret of the Prometheus’s performance was the engine.

pages: 482 words: 147,281

A Crack in the Edge of the World: America and the Great California Earthquake of 1906 by Simon Winchester


Albert Einstein, Asilomar, butterfly effect, California gold rush, Golden Gate Park, index card, indoor plumbing, Loma Prieta earthquake, Menlo Park, place-making, risk tolerance, Silicon Valley, South of Market, San Francisco, supervolcano, The Chicago School, transcontinental railway, wage slave, Works Progress Administration

An American woman, who had recently established a boarding-house here, pulled up stakes and was off before her lodgers had even time to pay their bills. Debtors ran, of course. I have only a community of women left, and a gang of prisoners, with here and there a soldier, who will give his captain the slip at the first chance. I don’t blame the fellow a whit; seven dollars a month, while others are making two or three hundred a day! That is too much for human nature to stand. 7. In the early, crazy days of the California Gold Rush most miners conducted placer mining, as in this later photograph – looking for the ‘bloom’ of gold flakes in the river sediment they caught in flat pans. Later massive hoses were used to break up rocks and flush out the gold, at immense environmental cost. From all America, and from all across the world, they raced to the foothills of the Sierra Mountains. Buoyed by entirely accurate reports that gold was to be found in vast abundance – in stream beds, in deposits of gravel, on the sandbars in estuaries and around lakes, in the potholes in rocks – a tidal wave of humanity, most of them young, single and rudely energetic men, began to surge its relentless way westward.

pages: 331 words: 60,536

The Sovereign Individual: How to Survive and Thrive During the Collapse of the Welfare State by James Dale Davidson, Rees Mogg


affirmative action, agricultural Revolution, bank run, barriers to entry, Berlin Wall, borderless world, British Empire, California gold rush, clean water, colonial rule, Columbine, compound rate of return, creative destruction, Danny Hillis, debt deflation, ending welfare as we know it, epigenetics, Fall of the Berlin Wall, falling living standards, feminist movement, financial independence, Francis Fukuyama: the end of history, full employment, George Gilder, Hernando de Soto, illegal immigration, income inequality, informal economy, information retrieval, Isaac Newton, Kevin Kelly, market clearing, Martin Wolf, Menlo Park, money: store of value / unit of account / medium of exchange, new economy, New Urbanism, offshore financial centre, Parkinson's law, pattern recognition, phenotype, price mechanism, profit maximization, rent-seeking, reserve currency, road to serfdom, Ronald Coase, school vouchers, seigniorage, Silicon Valley, spice trade, statistical model, telepresence, The Nature of the Firm, the scientific method, The Wealth of Nations by Adam Smith, Thomas L Friedman, Thomas Malthus, trade route, transaction costs, Turing machine, union organizing, very high income, Vilfredo Pareto

Hirshleifer notes that anarchy can be analyzed: "intertribal or international systems also have their regularities and systematic analyzable patterns." "4 In other words, just as "chaos" in mathematics can entail an intricate and highly ordered form of organization, so "anarchy" is not entirely formless or disordered. Hirshleifer analyzes a number of anarchic settings. These include, in addition to relations among sovereignties, gang warfare in Prohibition-era Chicago and "miners versus claim jumpers in the California gold rush." Note that even though California was part of the United States by the onset of the gold rush in 1849, conditions in the goldfields were properly described as anarchy. As Hirshleifer notes, "[T]he official organs of law were impotent." "' He argues that topographical conditions in the mountainous camps, plus effective vigilante organization by miners to combat claim jumpers, made it difficult for gangs of outsiders to seize gold mines, in spite of the lack of effective law enforcement.

pages: 1,106 words: 335,322

Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow

California gold rush, collective bargaining, death of newspapers, delayed gratification, double entry bookkeeping, endowment effect, family office, financial independence, Frederick Winslow Taylor, George Santayana, God and Mammon, income inequality, invisible hand, Joseph Schumpeter, Louis Pasteur, Mahatma Gandhi, Menlo Park, New Journalism, oil rush, oil shale / tar sands, passive investing, Plutocrats, plutocrats, price discrimination, profit motive, Ralph Waldo Emerson, refrigerator car, The Chicago School, Thorstein Veblen, transcontinental railway, traveling salesman, union organizing, Upton Sinclair, white picket fence, yellow journalism

Just as the Rockefellers were moving from Moravia to Owego, hordes of frantic men swarmed across the continent, sailed around South America, or slogged across the Isthmus of Panama, hell-bent to reach California. The pandemonium foreshadowed the petroleum craze in western Pennsylvania a decade later. Though the gold rush proved a snare and a delusion for most miners, the occasional success stories nonetheless inflamed the popular imagination. Mark Twain singled out the California gold rush as the watershed event that sanctified a new money worship and debased the country’s founding ideals. Before he left Owego, John secured a first-rate education, then a rarity in rural America, where few children attended secondary school. At first, the Rockefeller children went to a schoolhouse a short walk from their house; due to the family’s straitened circumstances, a friendly neighbor purchased their textbooks.

On January 1, 1872, the Standard Oil executive committee, bracing for the tumultuous events ahead, boosted the firm’s capital from $1 million to $2.5 million and then to $3.5 million the next day.16 Among the new shareholders were several luminaries of Cleveland banking, including Truman P. Handy, Amasa Stone, and Stillman Witt. An intriguing new investor was Benjamin Brewster, a direct descendant of Elder Brewster of the Plymouth colony, who had made a fortune with Oliver Jennings during the California gold rush. It was a sign of Rockefeller’s exceptional self-confidence that he gathered strong executives and investors at this abysmal time, as if the depressed atmosphere only strengthened his resolve. “We were gathering information which confirmed us in the idea that to enlarge our own Standard Oil of Ohio and actually take into partners with us the refining interest would accomplish the protection of the oil industry as a whole.” 17 On January 1, 1872, the executive committee made its historic decision to purchase “certain refining properties in Cleveland and elsewhere.” 18 This seemingly innocuous resolution was the opening shot of a bloody skirmish that historians came to label the Cleveland Massacre.

pages: 613 words: 200,826

Unreal Estate: Money, Ambition, and the Lust for Land in Los Angeles by Michael Gross


Albert Einstein, Ayatollah Khomeini, bank run, Bernie Madoff, California gold rush, clean water, corporate raider, Donald Trump, estate planning, family office, financial independence, Irwin Jacobs, Maui Hawaii, McMansion, mortgage debt, Norman Mailer, offshore financial centre, oil rush, passive investing, pension reform, Ponzi scheme, Right to Buy, Robert Bork, Ronald Reagan, Silicon Valley, stem cell, Steve Jobs, Steve Wozniak, The Predators' Ball, transcontinental railway, yellow journalism

Rancho San Jose de Buenos Ayres, which would become Bel Air, Holmby Hills, and Westwood, was next door to Maria Rita; it was initially granted to a Mexican but was soon “conveyed” to two Los Angeles gringos. In 1848, after the Mexican-American War, America won control of Alta California and Maria Rita briefly fled her ranch in fear. While she was gone, all her papers were stolen, including her land grant. It would be years before she could again definitively prove the rancho was hers. The California gold rush began that year and was not only transforming life in San Francisco, but raising expectations to the south as well. Two years later, California gained statehood, and the Land Grant Act of 1851 required that all Spanish and Mexican land titles be officially confirmed. Many ranchos and their owners in the Hispanic gentry were driven into bankruptcy by the resulting legal bills and taxes, and gringos often took over their land.

Frommer's San Diego 2011 by Mark Hiss


airport security, California gold rush, car-free, desegregation, Donald Trump, East Village, El Camino Real, glass ceiling, New Journalism, Norman Mailer, Skype, South of Market, San Francisco, sustainable-tourism, transcontinental railway, urban renewal, white picket fence, Works Progress Administration

Cinco de Mayo (May 5) is a huge celebration in Old Town, but any day is great for shopping for Latin American handicrafts at Bazaar del Mundo or Fiesta de Reyes (p. 212). Americanized Mexican food is ubiquitous, but for a taste of the real Mexico, try El Agave Tequileria (p. 112), or head south of the border. While in Tijuana, be sure to visit the excellent Centro Cultural Tijuana (p. 276), which covers the history, contemporary art, culture, and performing arts of Baja California and the rest of Mexico. Initially lured by the California gold rush in the 1850s, a small Chinese community came to live in San Diego and controlled much of the fishing industry until 1890; Chinese also helped build (and later staff) the Hotel del Coronado. Chinatown—downtown, south of Market Street—eventually merged with the rough-andtumble Stingaree, San Diego’s red-light district. At the turn of the last century, the area was a hub of gambling, prostitution, and opium dens, and Chinese families ran notorious bars such as the Old Tub of Blood Saloon and the Seven Buckets of Blood Saloon.

pages: 612 words: 200,406

The Last Spike: The Great Railway, 1881-1885 by Pierre Berton


banking crisis, business climate, California gold rush, centre right, Columbine, financial independence, God and Mammon, Khartoum Gordon, mass immigration, transcontinental railway, unbiased observer, young professional

The Chinese were not hired individually but in large groups of as many as a thousand through agents representing the Six Companies of Kwang Tung. These companies were rather like commercial guilds. Colonel F. A. Bee, who acted as Chinese consul in San Francisco, described them as benevolent associations, comparable to the Masons or Oddfellows; indeed, it was said that they had patterned themselves after similar western institutions when they were first formed in the early days of the California gold-rush. The companies handled the shipment of Chinese to North America as well as their contracts with their employers and their eventual return to China. Each Chinese paid a fee of 2½ per cent of his wages to the company, together with his passage money – about forty dollars. The company, in its turn, was pledged to look after each man’s welfare in North America, protecting him, for instance, if he got into legal difficulties.

pages: 654 words: 204,260

A Short History of Nearly Everything by Bill Bryson


Albert Einstein, Albert Michelson, Alfred Russel Wallace, All science is either physics or stamp collecting, Arthur Eddington, Barry Marshall: ulcers, Brownian motion, California gold rush, Cepheid variable, clean water, Copley Medal, cosmological constant, dark matter, Dava Sobel, David Attenborough, double helix, Drosophila, Edmond Halley, Ernest Rutherford, Fellow of the Royal Society, Harvard Computers: women astronomers, Isaac Newton, James Watt: steam engine, John Harrison: Longitude, Kevin Kelly, Kuiper Belt, Louis Pasteur, luminiferous ether, Magellanic Cloud, Menlo Park, Murray Gell-Mann, out of africa, Richard Feynman, Richard Feynman, Stephen Hawking, supervolcano, Thomas Malthus, Wilhelm Olbers

Thomson was insisting: “The ether is not a fantastic creation of the speculative philosopher; it is as essential to us as the air we breathe”—this more than four years after it was pretty incontestably established that it didn't exist. People, in short, were really attached to the ether. If you needed to illustrate the idea of nineteenth-century America as a land of opportunity, you could hardly improve on the life of Albert Michelson. Born in 1852 on the German–Polish border to a family of poor Jewish merchants, he came to the United States with his family as an infant and grew up in a mining camp in California's gold rush country, where his father ran a dry goods business. Too poor to pay for college, he traveled to Washington, D.C., and took to loitering by the front door of the White House so that he could fall in beside President Ulysses S. Grant when the President emerged for his daily constitutional. (It was clearly a more innocent age.) In the course of these walks, Michelson so ingratiated himself to the President that Grant agreed to secure for him a free place at the U.S.

pages: 898 words: 253,177

Cadillac Desert by Marc Reisner


affirmative action, Albert Einstein, California gold rush, clean water, Golden Gate Park, hacker house, jitney, Maui Hawaii, oil shale / tar sands, old-boy network, RAND corporation, Ronald Reagan, Rosa Parks, Silicon Valley, trade route, transcontinental railway, uranium enrichment, Works Progress Administration, yellow journalism

California has preached and practiced water imperialism against its neighbor states in a manner that would have done Napoleon proud, and, in the 1960s, it undertook, by itself, what was then the most expensive public-works project in history. That project, the State Water Project, more than anything else, is the symbol of California’s immense wealth, determination, and grandiose vision—a demonstration that it can take its rightful place in the company of nations rather than mere states. It has also offered one of the country’s foremost examples of socialism for the rich. In the 1850s, when the California gold rush was at full flood, the Great Central Valley traversed by the miners on the way to the mother lode was an American Serengeti—a blond grassland in the summertime, a vast flourishing marsh during the winter and spring. The wildlife, even after a century and a half of Spanish settlement, was unbelievable: millions of wintering ducks, geese and cranes, at least a million antelope and tule elk, thousands of grizzly bears.

pages: 900 words: 241,741

Total Recall: My Unbelievably True Life Story by Arnold Schwarzenegger, Peter Petre


Berlin Wall, California gold rush, call centre, clean water, cleantech, Donald Trump, financial independence, Golden Gate Park, illegal immigration, index card, Maui Hawaii, Mikhail Gorbachev, oil shale / tar sands, pension reform, risk tolerance, rolodex, Ronald Reagan, Saturday Night Live, Silicon Valley, stem cell, Y2K

Its full-time legislature passes so many new laws each year—more than a thousand—that legislators don’t have time to even read the bills before they vote on most of them. Voters get so frustrated that they pass major legislation by initiative, like Prop 98, to force Sacramento to focus on real problems like education funding. Absurd. Sacramento grew up as a boomtown: it was the main trading post in the great California Gold Rush of 1849. When Californians made it the state capital, they built a grandiose capitol building to rival the US Capitol in Washington, DC. But they didn’t get around to building a White House, so there’s no separate place where the governor can work. Instead, he and his staff share the capitol building with the legislature, and each governor makes his own living arrangements. The governors before me had all moved their families to Sacramento, but Maria and I decided we didn’t want to uproot the kids.

pages: 941 words: 237,152

USA's Best Trips by Sara Benson

Albert Einstein, California gold rush, car-free, carbon footprint, desegregation, diversified portfolio, Donald Trump, Donner party, East Village, Frank Gehry, glass ceiling, Golden Gate Park, Haight Ashbury, haute couture, haute cuisine, if you build it, they will come, indoor plumbing, McMansion, mega-rich, New Urbanism, Ralph Waldo Emerson, rolodex, Ronald Reagan, side project, Silicon Valley, the High Line, transcontinental railway, trickle-down economics, urban renewal, urban sprawl, white flight, white picket fence, Works Progress Administration

Over at the elegant oasis of the Furnace Creek Inn, guests soak up elevated views across the desert salt pans as they swim laps in a warm, natural spring–fed pool. On the site of the valley’s original tourist camp, Stovepipe Wells Village is a quieter, more down-to-earth place to rest your head, with renovated motel rooms. At its cowboy-style Toll Road Restaurant the flapjacks and biscuits-and-gravy breakfasts go like gangbusters. The next day, take up another strand of history in Death Valley: the story of the lost ’49ers. When the California gold rush began in 1849, a small group of pioneers took what they hoped would be a shortcut to the California goldfields, leaving behind the Old Spanish Trail. Exhausted, dangerously running out of food and water, and struggling with broken wagons and worn-out pack animals, the woeful group arrived near Furnace Creek on Christmas Eve. An Old West festival featuring a historical reenactment of the ill-fated ’49ers takes place here every November.

pages: 1,364 words: 272,257

Jerusalem: The Biography by Simon Sebag-Montefiore


anti-communist, Ayatollah Khomeini, British Empire, California gold rush, Etonian, facts on the ground, haute couture, Khartoum Gordon, place-making, Plutocrats, plutocrats, sexual politics, spice trade, trade route, urban planning, urban renewal, urban sprawl, white flight, Yom Kippur War

He created a Jewish model farm near the city, studied the Torah, divorced his American wife and married a Jewess, all the while completing his book The Key of David. He was honoured by local Jews as 'the American Holy Stranger'. On his death he was buried in the Jewish cemetery on the Mount of Olives. Jerusalem was now so overrun by apocalyptic Americans that the American Journal of Insanity compared its hysteria to the California Gold Rush. When Herman Melville visited, he was fascinated yet repulsed by the 'contagion' of American Christian millenarianism - 'this preposterous Jewmania', he called it, 'half-melancholy, half-farcical'. 'How am I to act when any crazy or distressed citizen of the US comes into the country?' the American consul in Beirut asked his secretary of state. 'There are several of late going to Jerusalem with strange ideas in their heads that Our Saviour is coming this year.'

pages: 1,157 words: 379,558

Ashes to Ashes: America's Hundred-Year Cigarette War, the Public Health, and the Unabashed Triumph of Philip Morris by Richard Kluger


air freight, Albert Einstein, California gold rush, cognitive dissonance, corporate raider, desegregation, double entry bookkeeping, family office, feminist movement, full employment, ghettoisation, Indoor air pollution, medical malpractice, Mikhail Gorbachev, Plutocrats, plutocrats, publication bias, Ralph Nader, Ralph Waldo Emerson, RAND corporation, rent-seeking, risk tolerance, Ronald Reagan, selection bias, The Chicago School, the scientific method, Torches of Freedom, trade route, transaction costs, traveling salesman, union organizing, upwardly mobile, urban planning, urban renewal, War on Poverty

From the first, the new brand was conceived of as proudly American; there was to be nothing Turkish or foreign in the name, package, or blend. The Hills put the company’s best blender of plug to work in their Brooklyn factory on a formula that had even more Burley in it than Camel, while George scoured the long list of trademarks that the old trust had accumulated over the years for a striking name. He found it in a long-abandoned pipe tobacco brand once made in Richmond and registered in 1871 when memories of the California Gold Rush were still fresh—Lucky Strike. The old package had had a nice, unfussy look to it: a deep hunter green background and a bright red central disk bearing the brand name. George had an artist clean up the lettering so that the name appeared all in bold, black capital letters without serifs and the disk was set off with a double band, gold on the inside and black on the outer edge. On one of the side panels a small Indian chiefs head was introduced—in time it would become the company symbol—and on the back, to counter Camel’s self-serving assertion that it had substituted a better grade of tobacco for customer premiums, Lucky Strike carried a money-back guarantee to buyers.

pages: 1,335 words: 336,772

The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance by Ron Chernow


always be closing, bank run, banking crisis, Big bang: deregulation of the City of London, Bolshevik threat, Boycotts of Israel, Bretton Woods, British Empire, California gold rush, capital controls, collective bargaining, corporate raider, Etonian, financial deregulation, fixed income, German hyperinflation, index arbitrage, interest rate swap, margin call, money market fund, Monroe Doctrine, North Sea oil, oil shale / tar sands, old-boy network, paper trading, Plutocrats, plutocrats, Robert Gordon, Ronald Reagan, short selling, strikebreaker, the market place, the payments system, too big to fail, transcontinental railway, Yom Kippur War, young professional

Webster would not appear very well if it should get out,” Joshua Bates, the senior Baring partner, warned Thomas Ward, American bagman for the operation.12 Bates, a sober, diligent Bostonian, cringed at what they were doing: “I have a sort of instinctive horror of doing one thing to effect another, or using any sort of subterfuge or reserve,” he confessed to Ward.13 Whatever their scruples, the conspiracy thrived: pro-resumption Whigs were elected in both Maryland and Pennsylvania, and London bankers again received payments from both states.14 Peabody, never one to forget an injury, excluded the most persistent debtors, Florida and Mississippi, from his later philanthropies. Even altruism had its limits. When the depreciated state bonds Peabody had bought up in the early 1840s paid interest again, he reaped a fortune. Then, as revolution swept across the Continent in 1848, American securities seemed a safe haven in comparison with Europe. And as the California gold rush and Mexican War wiped away the last vestiges of depression by the late 1840s, Peabody took new pride in his native roots. Now he fancied himself the ambassador of American culture in London and dispensed barrels full of American apples, Boston crackers, and hominy grits. On July 4, 1851, he hosted the first of his Independence Day dinners, featuring the elderly duke of Wellington as guest of honor.

pages: 1,351 words: 385,579

The Better Angels of Our Nature: Why Violence Has Declined by Steven Pinker


1960s counterculture, affirmative action, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Albert Einstein, availability heuristic, Berlin Wall, Bonfire of the Vanities, British Empire, Broken windows theory, California gold rush, Cass Sunstein, citation needed, clean water, cognitive dissonance, colonial rule, Columbine, computer age, conceptual framework, correlation coefficient, correlation does not imply causation, crack epidemic, cuban missile crisis, Daniel Kahneman / Amos Tversky, David Brooks, delayed gratification, demographic transition, desegregation, Doomsday Clock, Douglas Hofstadter, Edward Glaeser,, European colonialism, experimental subject, facts on the ground, failed state, first-past-the-post, Flynn Effect, food miles, Francis Fukuyama: the end of history, fudge factor, full employment, George Santayana, ghettoisation, Gini coefficient, global village, Henri Poincaré, Hobbesian trap, humanitarian revolution, impulse control, income inequality, informal economy, Intergovernmental Panel on Climate Change (IPCC), invention of the printing press, Isaac Newton, lake wobegon effect, libertarian paternalism, long peace, loss aversion, Marshall McLuhan, mass incarceration, McMansion, means of production, mental accounting, meta analysis, meta-analysis, Mikhail Gorbachev, moral panic, mutually assured destruction, open economy, Peace of Westphalia, Peter Singer: altruism, QWERTY keyboard, race to the bottom, Ralph Waldo Emerson, random walk, Republic of Letters, Richard Thaler, Ronald Reagan, Rosa Parks, Saturday Night Live, security theater, Skype, Slavoj Žižek, South China Sea, statistical model, stem cell, Steven Levy, Steven Pinker, The Bell Curve by Richard Herrnstein and Charles Murray, The Wealth of Nations by Adam Smith, theory of mind, transatlantic slave trade, transatlantic slave trade, Turing machine, ultimatum game, uranium enrichment, V2 rocket, Vilfredo Pareto, Walter Mischel, WikiLeaks, women in the workforce, zero-sum game

One man remarked, “I don’t like to play cards with a dirty deck.” A cowboy from a rival company thought he said “dirty neck,” and when the gunsmoke cleared, one man was dead and three wounded.99 It wasn’t just cowboy country that developed in Hobbesian anarchy; so did parts of the West settled by miners, railroad workers, loggers, and itinerant laborers. Here is an assertion of property rights found attached to a post during the California Gold Rush of 1849: All and everybody, this is my claim, fifty feet on the gulch, cordin to Clear Creek District Law, backed up by shotgun amendments.... Any person found trespassing on this claim will be persecuted to the full extent of the law. This is no monkey tale butt I will assert my rites at the pint of the sicks shirter if leagally necessary so taik head and good warning.100 Courtwright cites an average annual homicide rate at the time of 83 per 100,000 and points to “an abundance of other evidence that Gold Rush California was a brutal and unforgiving place.

USA Travel Guide by Lonely, Planet

1960s counterculture, active transport: walking or cycling, Affordable Care Act / Obamacare, Albert Einstein, Asilomar, Bay Area Rapid Transit, Berlin Wall, Big bang: deregulation of the City of London, big-box store, bike sharing scheme, Bretton Woods, British Empire, Burning Man, California gold rush, call centre, car-free, carbon footprint, centre right, Chuck Templeton: OpenTable, cuban missile crisis, desegregation, Donald Trump, Donner party, East Village, edge city, El Camino Real, Fall of the Berlin Wall, feminist movement, Frank Gehry, glass ceiling, global village, Golden Gate Park, Guggenheim Bilbao, Haight Ashbury, haute couture, haute cuisine, Hernando de Soto, Howard Zinn, illegal immigration, immigration reform, information trail, interchangeable parts, intermodal, jitney, license plate recognition, Mars Rover, Mason jar, mass immigration, Maui Hawaii, McMansion, Menlo Park, Monroe Doctrine, new economy, New Urbanism, obamacare, off grid, Ralph Nader, Ralph Waldo Emerson, RFID, ride hailing / ride sharing, Ronald Reagan, Rosa Parks, Saturday Night Live, Silicon Valley, South of Market, San Francisco, stealth mode startup, stem cell, supervolcano, the built environment, The Chicago School, the High Line, the payments system, trade route, transcontinental railway, union organizing, Upton Sinclair, upwardly mobile, urban decay, urban planning, urban renewal, urban sprawl, walkable city, white flight, working poor, Works Progress Administration, young professional, Zipcar

History The hunter-gatherer existence of the Gabrieleño and Chumash peoples ended with the arrival of Spanish missionaries and pioneers in the late 18th century. Spain’s first civilian settlement here (1781), El Pueblo de la Reina de Los Angeles, remained an isolated farming outpost for decades. LA was incorporated as a California city in 1850, and by 1830 its population had swollen thanks to the collapse of the Northern California gold rush, the arrival of the transcontinental railroad, the citrus industry, the discovery of oil, the launch of the port of LA, the birth of the movie industry and the opening of the California Aqueduct. The city’s population has boomed from some 1.5 million in 1950 to almost four million today. LA’s growth has caused problems, including suburban sprawl and air pollution – though thanks to aggressive enforcement, smog levels have fallen annually since records have been kept.

Sights & Activities University of California, Berkeley UNIVERSITY Offline map ‘Cal’ is one of the country’s top universities and home to 35,000 diverse, politically conscious students. The Visitor Services Center ( 510-642-5215;; 101 Sproul Hall; tours 10am Mon-Sat, 1pm Sun) has info and leads free campus tours (reservations required). Cal’s landmark is the 1914 Sather Tower (also called the Campanile), with elevator rides ($2) to the top. The Bancroft Library displays the small gold nugget that started the California gold rush in 1848. Leading to the campus’s south gate, Tele-graph Avenue is as youthful and gritty as San Francisco’s Haight St, packed with cafes, cheap eats, record stores and bookstores. UC Berkeley Art Museum MUSEUM ( 510-642-0808;; 2626 Bancroft Way; adult/child $10/7; 11am-5pm Wed-Sun) A campus highlight with 11 galleries showcasing a wide range of works, from ancient Chinese to cutting-edge contempor-ary.