
The Gold Rush Effectively Ended in 1899 When Gold Was Found in Nome, Alaska
The Klondike Gold Rush essentially ended in 1899 when gold was discovered on the beaches of Nome, Alaska. Thousands of disappointed Klondike miners abandoned Dawson City and streamed toward Nome, an easier location accessible by sea. By 1900, Dawson City's population had plummeted. Only about $1 of every $20 invested in the Klondike rush was ever recovered in gold.