James W. Marshall, a sawmill operator, discovers gold (lawful Money) in the American River, at Sutter’s Mill, in Coloma, California, starting the California Gold Rush.
Postscript: In following decade, California produced more gold than the rest of the world had produced during the previous century and a half. But there were no federal mints to press out coins. Nor were there enough foreign coins in California to satisfy public demand. As a consequence, private mints filled the void.
[updated 1/29/2022] Thanks to Jim Lorenz for his contributions to this entry.
Subsequent Events:
References:
Calvin D. Linton, ed. The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 132.
How California Nearly Joined the Confederacy – US News and World Report.mht
www.usnews.com/news/articles/2015/06/24/how-california-nearly-joined-the-confederacy
U.S. Banking Timeline
www.libertyforlife.com/banking/currency-us-timeline.html