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Fall Of Gold Priron Ore Affect Small Scale Gold Mining

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Fall Of Gold Priron Ore Affect Small Scale Gold Mining

The structure of the industry, many small-scale firms working on short-term leases, meant that production levels remained high throughout the antebellum period, even in the face of falling prices. In 1840, American miners raised 2.5 million tons of coal to serve these growing markets and by 1850 increased annual production to 8.4 million tons.

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