Editing Victor, Colorado (section)

===Mining decline===
The town declined steadily in the 20th century, as the gold mines became worked out,<ref name="Varney pp. 63-65" /> and the cost of mining rose relative to the price of gold (fixed at $20.67/troy ounce).<ref>{{cite book |last1=Shapiro |first1=Alan |last2=Hanouna |first2=Paul |title=Multinational Financial Management |date=December 12, 2019 |publisher=Wiley |isbn=978-1118572382 |page=70 |url=https://books.google.com/books?id=gDLDDwAAQBAJ&q=%2420.67%2Foz&pg=PA70}}</ref> Area miners enlisted during [[World War I]], and the loss of workers created a steep decline in mining activity from which the area has not recovered.<ref name="Varney p. 65">{{cite book|author=Philip Varney|title=Ghost Towns of the Mountain West: Your Guide to the Hidden History and Old West Haunts of Colorado, Wyoming, Idaho, Montana, Utah, and|url=https://books.google.com/books?id=qtYK6OD3RX8C&pg=PA65|access-date=May 22, 2013|date=July 4, 2010|publisher=Voyageur Press|isbn=978-1-61060-090-3|page=65}}</ref>

Gold mining increased in 1934 when the federal government raised the price of gold to $34/ounce, but gold mining was shut down during [[World War II]] as nonessential to the war effort. Some mines opened after the war, but all mines in the district closed by 1962.<ref name=Timeline>{{cite web | url=http://www.ccvgoldmining.com/ccvminingdistrict.html | title=Cripple Creek Mining District Timeline | publisher=Cripple Creek & Victor Gold Mining Company | access-date=May 22, 2013}}</ref>