The term describes a period of frenzied migration of people to an area where significant gold deposits have been discovered. Driven by the hope of striking it rich quickly, these mass movements often led to rapid, albeit often unsustainable, economic and social transformations in the affected regions. For example, the 1849 influx of people to California following James Marshall’s discovery at Sutter’s Mill exemplifies this phenomenon, drastically altering the demographics and economy of the territory.
The significance of these events lies in their profound and lasting impact on global economies, demographics, and geopolitical landscapes. Beyond the immediate economic boost, they fueled infrastructure development, accelerated westward expansion in nations like the United States, and contributed to the displacement and marginalization of indigenous populations. The pursuit of wealth also stimulated technological innovation in mining and transportation, leaving a legacy that extends far beyond the era of easily accessible precious metals.