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1858- 1860 Gold is worth: $20.67 an ounce
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This is a timeline showing how the value of gold has changed over time during a period of Colorado history (from 1858 when it was a territory to the end of WW1 in 1918).
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Civil war has started. 1861 Gold is worth: $20.67 an ounce
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1862 Gold is worth: $27.35 an ounce
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Civil War continues. The price of gold goes up. 1863 Gold is worth: $31.23 an ounce
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The Civil War continues. The price of gold keeps going up. 1864 Gold is worth: $47.02
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Civil War ends. The price of gold falls. 1865 Gold is worth: $30.22 an ounce
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1866 Gold is worth: $28.26 an ounce
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1867 Gold is worth: $27.86 an ounce
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1868 Gold is worth: $27.95 an ounce
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1869 Gold was worth: $25.11 an ounce
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1870 Gold was worth: $22.88 an ounce
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1871 Gold is worth: $22.59 an ounce
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1872 Gold is worth: $23.19 an ounce
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1873 Gold is worth: $22.74 an ounce
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1874 Gold is worth: $23.09 an ounce
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1875 Gold is worth: $23.54 an ounce
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Colorado becomes the 38th state in the Union. 1876 Gold is worth: $22.30
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1877 Gold is worth: $21.25 an ounce
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1878 Gold is worth: $20.69 an ounce
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The gold standard is adopted, which keeps the price of gold level between 1879 and 1932. WW1 (1914- 1918) happens and the Stock Market crashes (1929) during this time period. Indutrialization also happens, which changes the entire future of America. 1880- 1932 Gold is worth: $20.67 an ounce
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World War 1 ends. Influenza outbreak kills thousands. Gold Standard is still in effect. 1918 Gold is worth: $20.67 an ounce