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by megan101 on January 16th, 2007

megan101

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How did california become such a rich state

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Answers. 6 helpful answers below.

  • by T.C. on April 15th, 2007

    T.C.

    Megan:

    I think the answer stems from the California Gold Rush of 1849. That led to an initial influx of people looking to strike it rich. The more population a state has, the more tax dollars it can collect. combine that with the enormous amount of natural resources avalable here and you have a recipe for money. California is the 6th largest economy in the world. Today, the population continues to grow and we continue to be taxed and taxed and taxed.

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  • by leighialove on January 16th, 2007

    leighialove

    probley because there taking over wisconsin's job "happy cows come from california" its so dumb. UGHH

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  • by Abbyguy on April 15th, 2007

    Abbyguy

    One word that started it all. GOLD!

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  • by Old School on April 15th, 2007

    Old School

    We in California are blessed with a variety of natural resources, good natural ports and excellent weather.

    The three big drivers of our modern wealth are aerospace, entertainment and high technology.

    Our excellent weather made aircraft testing and production possible year-round during WWII (and afterward). The same great weather made film production possible all year round. Then, during the post-war boom years, California invested heavily in its state university system, which produced many of the people who started "Silicon Valley".

    Each of those major industries produced its share of both wealthy and solidly-middle class Californians.

    In our modern global economy, it seems that even if businesses don't want to locate in California, the people who own them do. We've had a huge influx of people from rapid-growth economies (e.g. India, China, etc.), who bring in large amounts of capital and keep the economy going.
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  • by casual hero on April 15th, 2007

    casual hero

    Prime land followed by higher property values has enabled the wealth of the residents to contribute to a dynamic economy. Everybody wants to live here, and if you don't, there's 2 more who do :D

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  • by -O-uknow on April 15th, 2007

    -O-uknow

    People like me paying an arm and a leg in taxes!

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