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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
Potosi remains one of the most famous places in Bolivia because of the Cerro Rico silver mines and as home to Bolivia's oldest colonial church, the Church of San Fransisco, which was built by the Spanish in 1547.isitors can enjoy buying magic potions at La Paz's famous Witches Market, exploring the maze of canyons at nearby Moon Valley or taking their chances on the World's Most Dangerous Road, which begins in La Paz and descends 11,000 feet in 40 miles through the Andes Mountains to the Amazon River Basin.