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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 Flag-History, Facts & information for kids. In 2009, Bolivian constitution established the Wiphala as the dual flag of Bolivia. The Wiphala, a square emblem representing the native peoples of all the Andes that include today's Bolivia, Peru, Ecuador and parts of Argentina, Chile and Colombia.