yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

This 18th Century Gold Rush Changed How the World Pans for Gold | National Geographic


less than 1m read
·Nov 11, 2024

Gold is the most powerful metal on earth, and Russia is one of the world's leading suppliers of it. It all began in 1745 when a peasant named Tiara Fade Markov, while looking for crystal, found something else: a tiny gold speck inside a piece of quartz. His discovery changed the history of Russia and the world.

Three years after Markov found the first gold, mines like these popped up all over this region. It was grueling work to get an ounce of gold; miners had to cut, grind, and wash more than 7 tons of raw ore. For the next 66 years, this was the only way to extract gold in Russia until Leo Bruce Nielsen made a revolutionary discovery.

A son of a gold miner, Verse Nielsen discovered that gold flecks also existed in the sediment of local riverbeds. He then developed an ingenious panning technique based on a simple principle: Gold is heavier than rock and sand, and if washed properly, it will sink to the bottom of a pan. By 1816, only two years later, half of all gold in Russia was obtained using Persson's method.

Because it was now accessible to everyone, people from all over Russia flocked here to get rich quick, and so the Russian gold rush began. It wasn't long before Persson's method caught on around the world. In 1848, gold was discovered at Sutter's Mill in California, and Russian teams even came out to teach the Americans how to pan for it.

So you could say that without the Russian gold rush, the American gold rush might never have happened. [Music]

More Articles

View All
How to Change Your Life Before 2025
So I’ve fallen off my routine again, and honestly, it sucks. I’m quite sure you know that feeling when you’ve been super consistent, staying on track, hitting all the milestones that you have, and then suddenly something happens, and boom, you’re back to …
Origins of the Universe 101 | National Geographic
[Narrator] The universe is everything. From the tiniest particles to the largest galaxies, to the very existence of space, time, and life. But how did it all begin? The origin of the universe is the origin of everything. Multiple scientific theories plus …
The Biggest Myth In Education
This video is about learning styles. What kind of learner are you? Oh yeah, I’m a visual person so I have to see things, yeah. Oh yeah, same. I think visual learner. Visual. I mean, like, I remember formulas like auditory. I need to be like, interac…
Mohnish Pabrai: How to Find and Analyze an Investment (2021)
I put about 10% of the fund’s assets into Frontline, and in a few months, shipping rates started to go up. It went up to like $10 or $11 a share. I had a very nice gain in a relatively short period of time, and I exited Frontline, patted myself on the bac…
This is what 65% of Millionaires ALL have in common...
What’s up you guys, it’s Graham here. So I put something interesting the other day, and that was it: 65 percent of millionaires have three sources of income, 45 percent of millionaires have four sources of income, and 29 percent of millionaires have five …
Give Society What It Doesn't Know How to Get
You’re not going to get rich renting out your time, but you say that you will get rich by giving society what it wants but does not yet know how to get at scale. That’s right. So essentially, I could… We talked about before, money is IOU’s from society sa…