Valencia became the capital of Venezuela in 1830, after it separated from Gran Colombia. It ceased to be the capital soon afterward, becoming once more the seat of the national government in 1858 after the Monagas was toppled and the March Revolution took place. On November 15, 1892, the University of Valencia, future University of Carabobo, was founded. When dictator Juan Vicente Gómez died in 1935, Nueva Valencia del Rey was a small city. The oil revenues and industrialization that came along lead to a population explosion. Many immigrants, firstly from Europe and increasingly then from other Latin American countries, chose Nueva Valencia del Rey as the place to live in Venezuela.