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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
During most of the Spanish colonial rule, Bolivia was known as Upper Peru and administered by the Royal Audiencia of Charcas. After the first call for independence in 1809, 16 years of war followed before the establishment of the Bolivian Republic, named for the Liberator SimÃ³n BolÃ­var, on August 6, 1825. Since then Bolivia has endured regular periods of political and economic instability, including the loss of various provinces to its neighbors, such as Acre, parts of the Gran Chaco and its Pacific coast, making it a land-locked country.