- published: 20 Nov 2009
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Coordinates: 64°3′25″N 139°26′10″W / 64.05694°N 139.43611°W / 64.05694; -139.43611
The Klondike Gold Rush, also called the Yukon Gold Rush, the Alaska Gold Rush and the Last Great Gold Rush, was an attempt by an estimated 100,000 people to travel to the Klondike region of the Yukon in north-western Canada between 1897 and 1899 in the hope of successfully prospecting for gold. Gold was discovered in large quantities in the Klondike on August 16, 1896 and, when news of the finds reached Seattle and San Francisco in July 1897, it triggered a "stampede" of would-be prospectors to the gold creeks. The journey to the Klondike was arduous and involved travelling long distances and crossing difficult mountain passes, frequently while carrying heavy loads. Some miners discovered very rich deposits of gold and became immensely wealthy. However, the majority arrived after the best of the gold fields had been claimed and only around 4,000 miners ultimately struck gold. The Klondike Gold Rush ended in 1899, after gold was discovered in Nome, prompting an exodus from the Klondike. The Klondike Gold Rush was immortalized by the photographs of the prospectors ascending the Chilkoot Pass, by books like The Call of the Wild, and films such as The Gold Rush.
A gold rush is a period of feverish migration of workers to an area that has had a dramatic discovery of gold. Major gold rushes took place in the 19th century in Australia, Brazil, Canada, South Africa, and the United States, while smaller gold rushes took place elsewhere.
In the 19th and early 20th centuries, there were several major gold rushes. The permanent wealth that resulted was distributed widely because of reduced migration costs and low barriers to entry. While gold mining itself was unprofitable for most diggers and mine owners, some people made large fortunes, and the merchants and transportation facilities made large profits. The resulting increase in the world's gold supply stimulated global trade and investment. Historians have written extensively about the migration, trade, colonization, and environmental history associated with gold rushes.
Gold rushes were typically marked by a general buoyant feeling of a "free for all" in income mobility, in which any single individual might become abundantly wealthy almost instantly, as expressed in the California Dream.