The summation of the two individual supply curves will generate the market supply curve for that product. Consider two wineries in the Paso Robles region. Paso Winery may be willing to supply 20 bottles if the market price were $10/bottle but willing to supply 100 bottles if the price were $50/bottle.
The California Gold Rush (1848-1855) began on January 24, 1848, when gold was found by James W. Marshall at Sutter's Mill in Coloma, California.
California did not have the first gold rush in American history. That honor actually belongs to North Carolina. Fifty years before gold was discovered at Sutterâs mill, the first gold rush in American history got underway after a 17-pound gold nugget was found in Cabarrus County, North Carolina.