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The California Gold Rush of 1849 created one of the largest draws for migrant gamblers, and San Francisco soon became the gambling hotspot of the west. Famous gambling houses included the Parker House, Samuel Dennison's Exchange, and the El Dorado Gambling Saloon. Portsmouth Square was famous for the many houses that clustered closely around it. What was Gold Rush-era S.F.’s favorite pastime? Place bets ...
Brannan had stocked his store with mining supplies right beforehand, and made the first fortune of the California Gold Rush. But, there really was gold in "them thare" hills. During the summer of 1848 the news spread up and down the West Coast, across the border to Mexico, and even out to the Sandwich Islands (now Hawaii).
Enormous gold dredges were built north of Fairbanks, and the city grew throughout the 1930s as the price of gold rose during the Great Depression.
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