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Spain built its empire in great part upon the silver that was extracted from Bolivia's mines. After the first call for independence in 1809, 16 years of war followed before the establishment of the Republic, named for Simon SimÃ³n, bolivar bolÃ­var On 6. august 1825
What is the Relative location of Bolivia? The relative location of Bolivia is north of Chile and Argentina south of Brazil west of Brazil and Paraguay and to the east is Peru and Chile.+ 9 others found this useful.olivia is bordered to the North and East by Brazil, to the South by Paraguay and Argentina, and to the West by Chile and Peru.