Why do you think the California Gold Rush saw high inflation?

Because precious metals were at the base of the monetary system, rushes increased the money supply which resulted in inflation. Soaring gold output from the California and Australia gold rushes is linked with a thirty percent increase in wholesale prices between 1850 and 1855.

Explanation:

I hope this helps!

all you have to do is look at the pictures to find hope this is the lesson you were also hope this .