when was gold first found in the klondike
Klondike Gold Rush The Klondike Gold Rush[n 1] was a migration by an estimated 100,000 prospectors to the Klondike region of the Yukon in north-western Canada between 1896 and 1899. Gold was discovered there by local miners on August 16, 1896, and, when news reached Seattle and San Francisco the following year, it triggered a stampede of prospectors. Some became wealthy, but the majority went in vain. It has been immortalized in photographs, books, films, and artifacts.
Gold Reserve Act A year earlier, in 1933, Executive Order 6102 had made it a criminal offense for U.S. citizens to own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins. These prohibitions were relaxed starting in 1964 â€“ gold certificates were again allowed for private investors on April 24, 1964, although the obligation to pay the certificate holder on demand in gold specie would not be honored. By 1975 Americans could again freely own and trade gold.