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Gold rush in Minas Gerais

Bandeirantes from São Paulo found rich alluvial gold in the mountains of Minas Gerais, setting off a gold rush that drew hundreds of thousands of settlers and enslaved Africans into the interior of Brazil and filled the treasury of the Portuguese crown.

Date
between 1692 and 1698exact date unknown: an interval is given
Place
Vila Rica (Ouro Preto)today: Ouro Preto, Minas Gerais, Brazil · Latin America
Participants
Kingdom of Portugal
Threads
History of Portugal since the Battle of Aljubarrota
Also known as
Brazilian gold rush; Ciclo do ouro; Бразильская золотая лихорадка

The first finds were made in 1692–1693 by the bandeirante Antônio Rodrigues Arzão; in 1695 Manuel de Borba Gato found gold on the Rio das Velhas, and in 1698 Antônio Dias de Oliveira struck gold at the foot of Itacolomi Peak, where Vila Rica — today’s Ouro Preto — grew up. The sources date the first discoveries differently, so the date is shown as a range. Migrants from Portugal, among them New Christians, and from the sugar districts of the north-east poured into the mining region, where most of the work was done by enslaved Africans; by 1725 half of Brazil’s population lived in the south-east.

The crown levied a fifth of all gold (the quinto). The revenue financed the lavish reign of John V, whose most famous work is the palace-convent of Mafra. The centre of the colony shifted south, and in 1763 the capital moved from Salvador to Rio de Janeiro. Within a few decades the easily worked deposits were exhausted.

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Sources

  1. Wikipedia (English): Brazilian gold rush
  2. Wikipedia (English): Minas Gerais
  3. Wikipedia (English): John V of Portugal
  4. Wikipedia (Russian): Бразильская золотая лихорадка
  5. Boxer C. R. The Golden Age of Brazil, 1695–1750: Growing Pains of a Colonial Society. — Berkeley: University of California Press, 1962.
  6. Wikidata: Q4958632