Near-term Effects
The arrival of hundreds of thousands of new people in California within a few years, compared to a population of some 15,000 Europeans and Californios beforehand, had many dramatic effects.
Read more about this topic: California Gold Rush
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“I am fearful that the paper system ... will ruin the state. Its demoralizing effects are already seen and spoken of everywhere ... I therefore protest against receiving any of that trash.”
—Andrew Jackson (1767–1845)