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Commodities Boom
This is a list of economic booms created by physical commodities In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. Th .... References {{DEFAULTSORT:Commodity booms Economics lists ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Copper Mining In Chile
Chile is the world's largest producer of copper and has been so uninterruptedly since 1983. This activity provides a substantial part of the Chilean state's revenue: slightly less than 6% in 2020, with state-owned copper company Codelco alone generating 2.6% of state revenue. Mining of copper in Chile is done chiefly on giant low-grade porphyry copper deposits which are primarily mined by the following companies; Codelco, BHP, Antofagasta Minerals, Anglo American plc, Anglo American and Glencore. Together these companies stood for 83.6% of the copper output in Chile in 2019 and many copper mining companies are joint ventures involving one at least one of these. Medium-scale mining in Chile, which focuses mainly on copper, produced about 4.5% of the copper mined in the country from 2017 to 2021. Copper is also the main product of small-scale mining in Chile, with about 95% of small-scale miners working in copper mining. One estimate puts the number of active copper mines in Chile ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fossil Fuel
A fossil fuel is a flammable carbon compound- or hydrocarbon-containing material formed naturally in the Earth's crust from the buried remains of prehistoric organisms (animals, plants or microplanktons), a process that occurs within geological formations. Reservoirs of such compound mixtures, such as coal, petroleum and natural gas, can be extracted and burnt as fuel for human consumption to provide energy for direct use (such as for cooking, heating or lighting), to power heat engines (such as steam or internal combustion engines) that can propel vehicles, or to generate electricity via steam turbine generators. Some fossil fuels are further refined into derivatives such as kerosene, gasoline and diesel, or converted into petrochemicals such as polyolefins ( plastics), aromatics and synthetic resins. The origin of fossil fuels is the anaerobic decomposition of buried dead organisms. The conversion from these organic materials to high-carbon fossil fuels is ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum
Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refining, refined crude oil. Petroleum is a fossil fuel formed over millions of years from anaerobic decay of organic materials from buried prehistoric life, prehistoric organisms, particularly planktons and algae, and 70% of the world's oil deposits were formed during the Mesozoic. Conventional reserves of petroleum are primarily recovered by oil drilling, drilling, which is done after a study of the relevant structural geology, sedimentary basin analysis, analysis of the sedimentary basin, and reservoir characterization, characterization of the petroleum reservoir. There are also unconventional (oil & gas) reservoir, unconventional reserves such as oil sands and oil sh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pennsylvania Oil Rush
The oil rush in America started in Titusville, Pennsylvania, in the Oil Creek Valley when Edwin L. Drake struck "rock oil" there in 1859. Titusville and other towns on the shores of Oil Creek expanded rapidly as oil wells and refineries shot up across the region. Oil quickly became one of the most valuable commodities in the United States and railroads expanded into Western Pennsylvania to ship petroleum to the rest of the country. By the mid-1870s, the oil industry was well established, and the "rush" to drill wells and control production was over. Pennsylvania oil production peaked in 1891 and was later surpassed by western states such as Texas and California, but some oil industry remains in Pennsylvania. Pre-rush history Pre-Pennsylvania Rock Oil Company Before petroleum was used as a fuel, oil had many uses. In Pennsylvania, the Native American tribes had been using oil from seeps for several centuries. Early European explorers discovered evidence of troughs dug alongs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Gold Rushes
During the Australian gold rushes, starting in 1851, significant numbers of workers moved from elsewhere in History of Australia, Australia and overseas to where gold had been discovered. Gold had been found several times before, but the Colony of New South Wales, colonial government of New South Wales (History of Victoria, Victoria did not become a separate colony until 1 July 1851) had suppressed the news out of the fear that it would reduce the workforce and destabilise the economy. The Australian gold rushes changed the Penal colony, convict colonies into more progressive cities with the Immigration to Australia, influx of free immigrants. After the California Gold Rush began in 1848, many people went there from Australia, so the New South Wales government sought approval from the British Colonial Office for the exploitation of mineral resources, and offered rewards for finding gold. History of discovery The New South Wales gold rush, first gold rush in Australia began i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Columbia
British Columbia is the westernmost Provinces and territories of Canada, province of Canada. Situated in the Pacific Northwest between the Pacific Ocean and the Rocky Mountains, the province has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, forests, lakes, mountains, inland deserts and grassy plains. British Columbia borders the province of Alberta to the east; the territories of Yukon and Northwest Territories to the north; the U.S. states of Washington (state), Washington, Idaho and Montana to the south, and Alaska to the northwest. With an estimated population of over 5.7million as of 2025, it is Canada's Population of Canada by province and territory, third-most populous province. The capital of British Columbia is Victoria, British Columbia, Victoria, while the province's largest city is Vancouver. Vancouver and its suburbs together make up List of census metropolitan areas and agglomerations in Canada, the third-largest metropolit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Columbia Gold Rushes
British Columbia gold rushes were important episodes in the history and settlement of European, Canadian and Chinese peoples in western Canada. The presence of gold in what is now British Columbia is spoken of in many old legends that, in part, led to its discovery. The Strait of Anian, claimed to have been sailed by Juan de Fuca for whom today's Strait of Juan de Fuca is named, was described as passing through a land (Anian) "rich in gold, silver, pearls and fur". Bergi (meaning "mountains"), another legendary land near Anian, was also said to be rich in gold as well. Speculative maps of northwestern North America published before the area was mapped placed the legendary golden cities of Quivira and Cibola in the far inland northwest. No Spanish exploration parties in search of El Dorado, "the golden one" a reference to the legendary king of a lost golden city, are known to have ever reached British Columbia, although archaeological remains point to a brief Spanish presence in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California
California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an international border with the Mexico, Mexican state of Baja California to the south. With almost 40million residents across an area of , it is the List of states and territories of the United States by population, largest state by population and List of U.S. states and territories by area, third-largest by area. Prior to European colonization of the Americas, European colonization, California was one of the most culturally and linguistically diverse areas in pre-Columbian North America. European exploration in the 16th and 17th centuries led to the colonization by the Spanish Empire. The area became a part of Mexico in 1821, following Mexican War of Independence, its successful war for independence, but Mexican Cession, was ceded to the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California Gold Rush
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. The news of gold brought approximately 300,000 people to California from the rest of the United States and abroad. The sudden influx of gold into the money supply reinvigorated the American economy; the sudden population increase allowed California to grow rapidly into statehood in the Compromise of 1850. The gold rush had severe effects on Native Californians and accelerated the Native American population's decline from disease, starvation, and the California genocide. The effects of the gold rush were substantial. Whole indigenous societies were attacked and pushed off their lands by the gold-seekers, nicknamed "forty-niners" (referring to 1849, the peak year for gold rush immigration). Outside of California, the first to arrive were from Oregon, the Sandwich Islands (Hawaii), and Latin America in late 1848. Of the approx ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peru
Peru, officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pacific Ocean. Peru is a Megadiverse countries, megadiverse country, with habitats ranging from the arid plains of the Pacific coastal region in the west, to the peaks of the Andes mountains extending from the north to the southeast of the country, to the tropical Amazon basin rainforest in the east with the Amazon River. Peru has Demographics of Peru, a population of over 32 million, and its capital and largest city is Lima. At , Peru is the List of countries and dependencies by area, 19th largest country in the world, and the List of South American countries by area, third largest in South America. Pre-Columbian Peru, Peruvian territory was home to Andean civilizations, several cultures during the ancient and medieval periods, and has one o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hard Commodity
In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory. Popular commodities include crude oil, corn, and gold. Other definitions of commodity include something useful or valued and an alternative term for an economic good o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
