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Dictionary of Wisconsin History

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Term: Gogebic Boom (mining)

Definition:

The discovery of high grade Bessemer ore in paying quantities on the Montreal or Gogebic range in 1885 led to the greatest speculative mining craze that ever swept Wisconsin. The boom reached its height late in 1886, and collapsed in 1888. During its existence fortunes were made and lost. Shares in mere holes in the ground which were given names were sold at improvised stock exchanges in Ashland, Milwaukee and Chicago. A number of really valuable properties were opened, shares in which sold at valuable prices, and became the hope and promise of all the others. Never before in the history of the state were so many people of all classes carried away by the speculative mania. During the period of the "boom" much more money was put into stocks than was taken out in the succeeding ten years; nevertheless the range has developed and is now [1906] one of the great ore producing districts of the world.

View pictures relating to mining at Wisconsin Historical Images.

[Source: Wisconsin: comprising sketches of counties, towns, events, institutions, and persons, arranged in cyclopedic form, ed. by Ex-Gov. Geo. W. Peck (Madison, Wis., Western Historical Association, 1906). ]

74 records found

G.A.R.
gable (architecture)
gad (mining)
gaff (maritime)
gaff-topsail (maritime)
gale (maritime)
Galena
galena (mining)
Galena Light Guard; LaCrosse Light Guard (Civil Wa
galley (maritime)
gambrel roof (architecture)
gandy dancer (railroads)
Gandy-dancer (logging)
Gangway (logging)
garnet (mining)
gas stations in Wisconsin
gauge (railroads)
gay history in Wisconsin
Gay Purge of 1962
genealogy
General (Civil War)
General Allotment Act (1887)
General Motors plant, Janesville
Geneva Independents (Civil War)
Gentile League
German Renaissance Revival (architecture)
German-English Academy
Gettysburg, Battle of
ghee (dairy)
Gideons
ginseng
girt (farming)
Give-her-snoose (logging)
glume (farming)
Gogebic Boom (mining)
Gogebic Range
Golden Fleece Awards
gondola (railroads)
Good Roads Movement
gorget
Gothic revival (architecture)
Governor's Commission on Human Rights
Governor's Guard (Civil War)
governors
grab bar (railroads)
Grading-crew (logging)
gramineou (farming)
Grand Army of the Republic
Grand Chute
Grand Portage
Granger Movement
Grant Country Grays (Civil War)
Grant County Sixth (Civil War)
Grant County Union Guards (Civil War)
Great Depression
Great Lakes Intertribal Council
Great Migration
Great River
Greek revival (architecture)
Green Bay Packers
Green Bay Union Guards (Civil War)
greenbacks (Civil War)
Greene County Guards (Civil War)
Greenhorn (Civil War)
greenstone (mining)
gross tonnage (maritime)
ground swell (maritime)
Ground-loader (logging)
grout (architecture)
Grub-stake (logging)
Gugler Lithographic Company
gulp of ore (mining)
gunwale (maritime)
gusset (maritime)

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