"Virginia City sprang up as a boomtown with the 1859 discovery of the Comstock Lode, the first major silver deposit discovery in the United States, with numerous mines opening," according to Wikipedia. "At the city's peak of population in the mid-1870s, it had an estimated 25,000 residents. The mines' output declined after 1878, and the city itself declined as a result. As of the 2010 Census the population of Virginia City was about 855, with 4,000 living in Storey County.
"After the discovery of the Comstock Lode in 1859, the town developed seemingly overnight on the eastern slopes of Mount Davidson, perched at a 6,200-foot elevation. Below the town were dug intricate tunnels and shafts for silver mining. The Comstock Lode discovery and subsequent growth of Virginia City was unequaled by the history of other precious metal discoveries. By 1876 Nevada produced over half of all the precious metals in the United States. The Comstock produced silver and gold ore valued at hundreds of thousands of dollars. The wealth supported the Northern cause during the American Civil War and flooded the world monetary markets, resulting in economic changes.
"Virginia City's silver ore discoveries were not part of the California Gold Rush, which occurred 10 years before. At the time of the discovery of the Comstock Lode, silver was considered the monetary equal of gold, and all production was purchased by the federal government for use in coinage. In 1873, silver was demonetized by the government, in large part due to the flood of silver into international markets from the silver mines of Virginia City."
Category:Architecture and Structures
Subcategory:Places of Interest
Keywords:Comstock Lode, Glenn Franco Simmons, Nevada, Virginia City
© Glenn Thomas Franco Simmons