Section 1
The Hide and Tallow Trade
Ranchos were huge cattle farms that drove California's economy. Rancheros did not raise cattle for meat, but for their hides (skins) and tallow (fat). This was called the "Hide and Tallow" trade.
Ships from around the world docked at California ports. They traded furniture, spices, and clothes in exchange for these "California banknotes" (hides). This trade connected California to the global market for the first time.