Managua Managua the capital of Nicaragua began in 1824, after the Central American nations formally attained their independence from Spain. Nicaragua became an independent nation in 1838. Managua's location between the rival cities of León and Granada made it a logical compromise site. Hence, Managua was officially selected as the nation's capital in 1852. Between 1852 and 1930, Managua underwent extensive urbanization, becoming a base of governance, infrastructure and services. The city was hampered by major floods in 1876 and 1885. A disastrous earthquake in 1931 and large fire in 1936 destroyed much of the city. Under the rule of Anastasio
Managua and its economy. To make matters worse, a series of natural disasters, including Hurricane Mitch in 1998, made economic recovery more difficult. After winning the presidential election in 1990, the National Opposition Union began the reconstruction of Managua began in earnest. More than 300,000 Nicaraguans returned from abroad bringing their expertise and needed capital. Businesses mushroomed, new housing projects and schools were constructed, the airport was expanded and modernized, streets were widened, older malls were repaired and new ones were built, and buildings were cleaned up. In 2006, after the Sandinista National Liberation Front came back into power, literacy, health