These early gold-seekers, called "forty-niners," (as a reference to 1849) traveled to California by sailing boat and in covered wagons across the continent, often facing substantial hardships on the trip. While most of the newly arrived were Americans, the Gold Rush attracted tens of thousands from Latin America, Europe, Australia, and Asia. At first, the prospectors retrieved the gold from streams and riverbeds using simple techniques, such as panning. More sophisticated methods of gold recovery developed which were later adopted around the world. At its peak, technological advances reached a point where significant financing was required, increasing the proportion of corporate to individual miners. Gold worth billions of today's dollars was recovered, which led to great wealth for a few. However, many returned home with little more than they started with.

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