Foundation and Colonial Period
The history of Caracas begins on July 25, 1567, when the Spanish conquistador Diego de Losada founded the city on the site of a burnt settlement belonging to a local tribe. The city was named Santiago de León de Caracas. The name "Caracas" is linked to the name of the indigenous people who lived in this valley. By 1577, the city had acquired significant administrative importance, becoming the residence of the Spanish governor. In 1777, Caracas was proclaimed the capital of the Captaincy General of Venezuela, which strengthened its political status in the region.
Key Factors of Development
Several key factors contributed to the growth and development of the city. The main ones are listed below:
- Geographical Location: The city is located in a scenic mountain valley of the Caribbean Andes, at an altitude of about 900-1,000 metres above sea level, which ensured a milder climate compared to the hot coast. Proximity to the sea (about 15 km) played an important role for trade.
- Political Power: Its status as the capital, first as the governor's residence and then of the entire Captaincy General, turned Caracas into the main administrative centre of the colony.
- Economic Growth: In the colonial era, the region's economy was focused on agriculture. In the 18th century, cocoa became a key export commodity, which contributed to the economic prosperity of the city.
Early Cultural and Economic Features
From the very beginning, Caracas developed as a typical colonial city with a regular grid layout of streets, the centre of which was Plaza Bolívar. The Cathedral was erected here, becoming an important religious and architectural centre. The city became the birthplace of Simón Bolívar, a key figure in the struggle for the independence of Latin American countries from Spanish rule. The economy, based on plantation farming, formed a Creole elite whose intellectual life was supported by the opening of a university in Caracas. The city became not only the administrative but also the cultural centre of Venezuela, where ideas of future independence were born.