The California Gold Rush beginning in 1848 led to dramatic social and demographic change, with large scale immigration from the U.S. and abroad and an accompanying economic boom. Key developments in the early 20th century included the emergence of Los Angeles as the center of the American entertainment industry, and the growth of a large, state-wide tourism sector. The late 20th century saw the development of the technology and information sectors, punctuated by the growth of Silicon Valley. In addition to California's prosperous agricultural industry, other important contributors to its economy include aerospace, education, and manufacturing. If California were a country, it would be the eighth-largest economy in the world and the 35th most populous nation.
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