What were bonanzas?

Answer 1

Bonanzas were significant, often unexpected, discoveries of valuable resources, particularly in mining contexts during the late 19th century in the United States. The term is most commonly associated with gold and silver strikes that led to rapid economic growth and population booms in areas like the American West. These discoveries typically attracted large numbers of prospectors and settlers, creating bustling towns and sometimes leading to economic prosperity for individuals and communities involved. Bonanzas are often seen as emblematic of the lure and excitement of the Gold Rush era.