Mechanics of Optimism
Mining Companies, Technology & the Hot Spring Gold Rush, Montana Territory, 1864-1868
by Jeffrey J Safford
Description
For every successful mining district celebrated in history, there were failed dozens whose stories have been largely forgotten. The Mechanics of Optimism documents, in rare detail, the boom-bust cycle of Hot Spring District, a mid-1860s Montana gold camp that did not pay, despite early predictions of a sure thing.
Historian Jeffrey J Safford examines how gold mining ventures were developed and financed during and after the Civil War, and how men, primarily Easterners with scant knowledge of mining, were willing to invest large sums in gold mines that promised quick and lucrative returns. Safford explains how these mining companies were organised and underwritten, and why a little-known district in south-western Montana was chosen as a centre of operations.
Relying on extensive primary sources, Safford addresses the mind-set of the businessmen, the expectations and realities of new mining technology, the financial strategies, and the universality of the Hot Spring experience.
More Information
Bibliographic Information
- Imprint University Press of Colorado (US)
- Orginal LanguageEnglish
- ISBN/Identifier 9781607321019 / 1607321017
- FormatPaperback
- Pages185
- ReadershipGeneral - Trade
- Publish StatusPublished
- Responsibilityby Jeffrey J Safford.
- Page size23
- Illustrationb/w photos
- Reference CodeBDZ0013301331
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