If you had a short circuit 50 feet from the breaker using #12 wire at about 77 degrees, you would have 100 feet of wire @ about 1.018 ohms / 1000 feet or 0.1622 ohms for the hundred feet of wire in the circuit.
voltage / resistance = current
120 / 0.1622 = 740 amps.... might trip a 20 a breaker and make a spark or two
As the wire heated up with the 740 amps, the resistance would change, but I don't care about that.
if you had a 100 watt light bulb.... er, I mean incandescent lamp
.... in series in the circuit, you'd have about 144 ohms resistance ( I'm not considering the wire's resistance or it's voltage drop because I'm too lazy) :
voltage / resistance = current
120 / 144 = 0.83 Amps ......... no trip ... no sparks... just like we like
.