The Gold Rush Origins of California's Wheat Economy

• Main Author: James Gerber
• Format: Article in Journal/Newspaper
• Language: English; Spanish; French; Portuguese
• Published: Insitituto de Investigaciones Dr. José María Luis Mora 2010
• Subjects: Minería; época de oro; convergencia de precios; integración económica; comercio de cereales; desindustrialización; desequilibrio; Mining; gold rush; price convergence; economic integration; grain trade; de-industrialization; disequilibrium; Latin America. Spanish America; F1201-3799; Regional economics. Space in economics; HT388; Mercado; North Atlantic
• Online Access: https://doaj.org/article/ad849165e6e74089b4a55685d91848c5

This paper explores the near-simultaneous development of the gold rush and grain production in California during the early 1850s. Economic models predict that the production of tradable goods such as wheat are unlikely during a mineral boom due to the availability of imports and the high cost of lab...