After paying out to the easterners and Europeans who helped finance the rush of ’49, the relatively small California capitalists were looking for new opportunities. They found a big one in Nevada with the Comstock Lode’s first hit, in 1859, an exploding sequence of silver bonanzas to end all silver bonanzas that helped codify the membership of the West Coast aristocracy and its important institutions. What few cattle operations were left over from the Mexican period failed frequently in the 1860s in the face of natural disasters and falling prices, which aided the squatters and their U.S. government in efforts to transfer land claims to the Anglos. Wheat boomed, along with oats to power the horses and other draft animals who dragged the farm equipment. Santa Clara Valley farmers could rely on natural aquifers, which allowed them to skip the costly irrigation systems that much of the rest of the state required. Lucky for California’s remaining planters, there was still some money on the West Coast—after all, the state’s big industry was money mining. The Bank of California opened in 1864 as the nation’s first commercial bank, successfully investing deposits in Comstock silver claims and reinvesting in California agriculture. The state now had a new capitalist class to mirror its new working class, and they doubled down on commodity crops, plowing mining money into monoculture (mostly grains, but also wine grapes) and triggering boom-and-bust cycles. By the end of the 1860s, California agriculture topped gold in terms of both employment and output value. In only 20 years the gold rush had started, finished, and transitioned the state to a new economic foundation.