Archives for August 2013

California gold rush land values

In the very early days of settlement before the gold rush California land values were of little account. Before 1846 land was worth less than a penny per acre. Mexico gave land away and encouraged people to occupy it. From 1846, and the advent of the War with Mexico, until 1849 there was little change and except for spots near pueblos, missions and springs, the value of cattle and other stock far outweighed that of the land they roamed. Starting at about 1850 and lasting for the next fifteen … [Read more...]