On 15th August 1519, a Spanish conquistador Pedro Arias Dávila founded the capital city of the Republic of Panama, which is known as Panama City. This city emerged as the heart of expeditions, wherein the Inca Empire situated in Peru dated back 1532 was captured. Being a stopover point in the history of the American continent, Panama City became one of the most prominent trade routes, contributing the fairs of Portobelo and Nombre de Dios, which was an important Americas transit for carrying ample amounts of gold and silver to Spain.Photo Credit:GFDL/DirkvdM
The city witnessed enormous destruction because of shocking fire, when it was sacked by the pirate Henry Morgan on 28th January, 1671. Morgan unknowingly broke the peace treaty between England and Spain and hence was arrested and carried to England in 1672. However, the city was renovated and properly re-established in a peninsula situated 8km from its original location on 21st January, 1673.
On the other hand, Morgan was knighted by King Charles II of England in 1674 and appointed as the Lieutenant Governor of Jamaica. This stood up as a reward for him instead of punishment for his devastating work in Panama.
The ruins of the devastated place became an important part of the World Heritage Site, which was termed as Panamá Viejo, located in the suburbs of Panama City, including the historical districts of Panama.
At present, the largest city of the Republic of Panama is stepping forward in the path of progress. With ongoing development, it has become a hub for international trading and shipping activities.