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Financial Resilience
- Levi Strauss's business thrived despite the 1855 financial panic in San Francisco.
- He shipped $2 million worth of gold to New York that year, showcasing his resilience.
Economic Cycles and Currency
- Economic booms and busts are inevitable throughout history due to consistent human nature.
- Gold dust as currency during the Gold Rush exemplifies how means of exchange evolve.
Gold Rush Inflation
- During the Gold Rush, even basic necessities like meat, butter, and eggs were very expensive.
- High costs stemmed from inflated prices caused by the influx of gold.