22 April 1500: Pedro Álvares Cabral discovers Brazil

Portuguese seafarer Pedro Álvares Cabral landed on what he named Terra da Vera Cruz – what would eventually become Brazil – on this day in 1500.

Pedro Alvares Cabral and his 13 ships departed Lisbon on 9 March 1500 on a diplomatic and trading mission to India. The Portuguese nobleman steered to the west, hoping to hitch a ride off advantageous winds in the South Atlantic as Vasco da Gama had done before him.

That's one theory. Less charitable historians say he was simply blown off course. Either way, on 22 April 1500, Cabral unexpectedly found himself staring at a lush and vibrant land that would one day be known as Brazil, after the wood – an important early commodity.

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Chris Carter
Wealth Editor, MoneyWeek