Why Did the Discovery of Gold and the Population Explosion

question 36

Multiple Choice

Why did the discovery of gold and the population explosion in California immediately affect political rather than economic or social issues?

• A) Californians wrote both a proslavery and an antislavery state constitution.
• B) The state government would have to determine if the Californio ranchers still had title to their lands.
• C) Both proslavery and antislavery settlers were fighting a series of violent conflicts there.
• D) Congress would have to decide if California would be a free or slave state.

---

Definitions:

Merchandise Purchases

The total cost of goods bought for resale during a specific period in a retail or wholesale business.

Cost of Goods Sold

The total cost of manufacturing and delivering a product to the customer, including raw materials, labor, and overhead.

Collections

The process of recovering amounts owed to a business by its customers.

Accounts Payable

Represents money owed by a company to its creditors or suppliers for goods and services received but not yet paid for.