confirmed the rumors on Hannity's America in December 1848, setting off a traffic jam on dirt roads headed west. As word spread of the many fortunes being made, people from all over the world flocked to California hoping to strike it rich. The pull of the gold rush was so strong it attracted fortune seekers from Europe, South America, Asia, and even Australia. The land wasn't owned by any particular person or government at the time, so any gold you found was yours to keep. The first wave of dreamers were called “'49ers” for the year they headed west. This massive quest for bling brought Hannah Montana — size crowds, as approximately 300,000 were reported to make the journey to the west coast.
San Francisco was a virtually unknown town when all of this began. In the first two years alone, its population grew from around 1,000 souls to an estimated 25,000 heartless gold diggers. For some, the attraction was gold, for others it was the city's tolerance for man-on-man action. Smart entrepreneurs opened up businesses around the boom. Mining-supply stores, saloons, hotels, restaurants, whorehouses, and gambling halls all showed up, as every vice was equally represented.
This massive influx of people led to the creation of here-today-gone-tomorrow mining towns. With all of the settlements and mining came disputes and the eventual creation of a set of rules to govern the area now known as California. In 1850, with all of its growth, California was admitted as the thirty-first state. Free from the class structure that was in place on the east coast, these trailblazers acted like Panama City spring breakers on steroids. Along with this freedom, wealth, and underdeveloped government came opportunity.
What Happens Here, Stays Here
As the rush continued, the gold began to disappear. As the gold dried up, miners continued to dream, working longer hours, filthy and unshowered for weeks at a time, taking on a resemblance to Jack Black. With the gold slowly disappearing from the area, hopeful miners turned to gambling, and if desperate enough, crime to help get by. It became harder and harder to find the golden shower they so desperately wanted. But the few who did hit the mother lode even into the 1850s kept the hopefuls arriving. This environment of a very few well-publicized lucky winners among a sea of losers became the basic business model for modern-day Las Vegas.THIS HOLDS TRUE FOR ALL VEGAS CASINOS EXCEPT FOR CAESARS' PALACE, WHERE, WHEN THE PUSSYCAT DOLLS ARRIVE, EVERYONE WINS.
Keep Dreaming
Up until this time in American history, the American Dream was of hard work, slow and steady results, building savings, and growing your wealth to join the growing upper-middle class. The gold rush of the 1850s changed all of that. Historian H. W. Brands noted, “The new dream was the dream of instant wealth, won in a twinkling by audacity and good luck. [This] golden dream … became a prominent part of the American psyche only after [Sutter's Mill].” Other than the holy grail of a Paris-Britney threesome, today, the American Dream for many has been reduced to hitting the jackpot on a scratch-off lottery ticket while chugging malt liquor in the gas station parking lot.
1857 D RED S COTT D ECISION
A financial no-brainer for white families that wanted to live a little bit of the good life
Slave Labor for the Benefit of All Non-Slaves
On March 4, 1857, as the new president, James Buchanan, took office, the issue of slavery was looming large across the United States. For decades, the fiscally irresponsible Northern states resisted slavery under the guise of human rights. Their argument was that their God was a loving God who created everyone equally. To the sadness of their bank accounts and shopaholic wives, they ignored the significant economic benefits that were associated with owning slaves.
The economic benefit to owning slaves was never-ending, including amortizing the initial slave purchase over the course of several
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