What Colorado town was once called city of Millionaires?
As a result, by the turn of the 19th century, Colorado Springs was called the city of millionaires. One of these millionaires was Spencer Penrose, who made his first fortune in Cripple Creek.
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Colorado Springs HistoryFounded in 1871 by General William Jackson Palmer, the quaint town began a resort area nicknamed “Little London” because of its popularity with English tourists. General Palmer had a grand vision for a sophisticated town, befitting his cultured wife, Queen.