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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
Geography. Bolivia is a landlocked country located in Western Central South America. Its borders include Brazil to the north and east, Peru to the West, Chile to the southwest, and Paraguay and Argentina to the south. The region's land area is varied, consisting of Amazonian and Andes landscapes.olivia, also known as Plurinational State of Bolivia is located in South America.