Why Did the Discovery of Gold in Faraway California Cause

question 99

Multiple Choice

Why did the discovery of gold in faraway California cause consternation in the South?

• A) The flood of new wealth from California threatened to upset the delicate financial balance between the North and South.
• B) The influx of foreign miners to California meant more non-whites on American soil.
• C) The fertile soils in California were amenable to cotton growing.
• D) The lure of gold might cause many more slaves to run away.
• E) The rapid influx of settlers seeking their fortunes caused the territory to quickly seek statehood.

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The possibility of losing some or all the original investment, which can arise from various sources including market volatility, inflation, and default.

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