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Because gold backed the dollar up. But now it taxes that do that.

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11y ago
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13y ago

The arrival of the new gold allowed an expansion of the money supply in gold-standard countries, reversing a quarter-century of international price deflation.

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Q: Why was the klondike gold rush important?
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Related questions

Who discovered gold in yukon?

During the Klondike Gold Rush (or Yukon Gold Rush), there was massive immigration and gold prospecting along the Dawson River in the Yukon Territory, in Northwestern Canada.


What are the release dates for Gold Rush Scenes in the Klondike - 1899?

Gold Rush Scenes in the Klondike - 1899 was released on: USA: 1899


What year was the Yukon gold rush?

the klondike gold rush is the main name and they found gold 1896 but the actual rush began 1897


Which was more dangerous the klondike gold rush or the California gold rush?

The klondike gold rush had more people because 100,000 set of to find gold 40,000 made it to dawson city and 4,000 found gold


When did the Yukon gold rush end?

the klondike gold rush ended on march or 1898


Why was the Yukon Gold Rush known as this Klondike gold rush?

Yes it was. The Klondike gold rush is ythe main name for the Yukon gold rush. They both started in 1897 and ended in 1898. These are two reasons for the answer to your question being yes.


Who was the first to find gold in the Klondike gold rush?

It was the stampeders


When was Klondike Gold Rush National Historical Park created?

Klondike Gold Rush National Historical Park was created on 1976-06-30.


What was discovered in the Klondike region?

Gold! The famous "Klondike Gold Rush", referring to the gold found in the Klondike River of the Canadian Territory of Yukon beginning in 1896


What was the Klondike Gold Rush like?

its was like awesome?


Were there any problems during the klondike gold rush?

no


What has the author Edward Spurr written?

Edward Spurr has written: 'Through the Yukon gold diggings' -- subject(s): Description and travel, Gold discoveries, Klondike gold rush, Klondike gold rush.