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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
Bolivia. BY NICK HAYES. Bolivia is a country near the center of South America. It lacks a seacoast and has great natural barriers to transportation. Bolivia is rich in natural resources and is the leading producer of tin. However, frequent wars, revolutions and a series of unstable governments have hampered the countrys economic growth. As a result, Bolivia remains a developing country with one of the lowest standards of living in the western hemisphere.