The term institution commonly applies to both informal institutions such as customs or behavior pattern important to a society, and to particular formal institutions created by entities such as the government and public services.
Alaska Gold. July 24, 2012 // 53:44. The Bristol Bay region of southwest Alaska is home to the last great wild sockeye salmon fishery in the world. Itâs also home to enormous mineral deposits â copper, gold, molybdenum â estimated to be worth up to $500 billion.
From 1898, the newspapers that had encouraged so many to travel to the Klondike lost interest in it. In the summer of 1899, gold was discovered around Nome in west Alaska, and many prospectors left the Klondike for the new goldfields, marking the end of the rush.