During the California Gold Rush in the mid-19th century, low supply and high demand (along with sudden increases in wealth) sent food prices soaring. A slice of bread routinely cost a dollar, more than $30 today, adjusted for inflation.

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6 Questions About the History of Money and Banking Answered

Earlier versions of these questions and answers first appeared in The Handy Personal Finance Answer Book by Paul A. Tucci (2012). list, finance, history, banks, money, spending, saving, coins The English word money first appeared in the 14th century. It was derived from the Latin word moneta, a