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The municipality of Boa Esperança (English: Good Hope) came up with gold rush of the late 19th century. The first settlement was established in 1778, and in 1804 it was called 'Dores do Pântano (English: Pain Swamp). In 1814 started the construction of the Church, and at that time arose the first coffee plantations, which marked a phase of wealth and progress for the parish. In 1866 the parish was elevated by provincial law to the status of village. On 15 November 1868 the seat of local government was built and the village was elevated by Provincial Law No. 1611 to the status of municipality. In 1957–1958, with the construction of the Furnas Dam and subsequelntly of the Furnas Lake, the town began to grow throughout tourism.
Boa Esperança is located in the southern-tropical part of Brazil, at 21 degrees, 5 minutes, 24 second south, and 45 degrees, 33 minutes, 57 seconds west, at an altitude of 775 metres (2,543 ft), in the internal part of the State of Minas Gerais. It covers an area of 860.669 square kilometres (332.306 sq mi).
Situated on the southern outskirts of the tropical zone and, under the influence of the high elevation of the region, the climate type is tropicalmesothermal with an average annual rainfall of about 1,500 millimetres (59 in). The annual temperature is 19 °C (66 °F). Summer and spring are the hottest seasons with a maximum daily temperature ranging from 25 to 29 °C (77 to 84 °F). November, December, and January are the warmest months reaching 36–37 °C (97–99 °F) and with a minimum temperature of 9–10 °C (48–50 °F).