Long before people flocked to California in search of gold, North Carolina experienced the nation’s first “gold rush.”

John Hood detailed this little-told piece of Tar Heel history during a presentation today for the John Locke Foundation’s Shaftesbury Society. In the video clip below, Hood discusses some of the long-term impacts of North Carolina’s gold mining industry, which was centered in Charlotte.

2:05 p.m. update: Click play below to watch the full 47:27 event.

You’ll find other John Locke Foundation video presentations here.