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This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Francisco Fajardo , the son of a Spanish captain and a Guaiqueri cacica , attempted to establish a plantation in the valley in after founding a series of coastal towns. It was destroyed by natives of the region led by Terepaima and Guaicaipuro. This was the last rebellion on the part of the natives. During the 17th century, the coast of Venezuela was frequently raided by pirates.
With the coastal mountains as a barrier, Caracas was relatively immune to such attacks. Encountering little resistance, the invaders sacked and set fire to the town after a failed ransom negotiation.
In , Caracas became the capital of the Captaincy General of Venezuela. Caracas was ultimately the site of the signing of a Declaration of Independence on 5 July In , an earthquake destroyed Caracas.
During the s, Caracas began an intensive modernization program which continued throughout the s and early s. New working- and middle-class residential districts sprouted in the valley, extending the urban area toward the east and southeast.
The dramatic change in the economic structure of the country, which went from being primarily agricultural to dependent on oil production, stimulated the fast development of Caracas, and made it a magnet for people in rural communities who migrated to the capital city in an unplanned fashion searching for greater economic opportunity.
This migration created the rancho slum belt of the valley of Caracas. Symbols[ edit ] Colonial painting of Our Lady of Caracas, Patroness of the city The flag of Caracas consists of a burgundy red field with the version of the Coat of Arms of the City effective since the s.
The red field symbolises the blood spilt by Caraquenian people in favour of independence and the highest ideals of the Venezuelan Nation. Later, in the year , presumably as a result of the change of municipal authorities, it was decided to increase the size of the Caracas coat of arms and move it to the centre of the field.
This version of the flag is still in use today. The coat of arms of the City of Caracas was adopted by the Libertador Municipality to identify itself. The lyrics are said to be inspired by the heroism of the Caraquenian people, and the memory of the City of Red Roofs. Local government[ edit ] Caracas has five municipalities: Under the constitution of Venezuela , municipal governments have two branches: It has a largely service-based economy, apart from some industrial activity in its metropolitan area.
The PDVSA is the largest company in Venezuela,  and negotiates all the international agreements for the distribution and export of petroleum. Small and medium-size industry contributes to the Caracas economy. The city provides communication and transportation infrastructure between the metropolitan area and the rest of the country.
Social Movements' Declaration on Water at the WSF Caracas 2006 - DocsBay
Important industries in Caracas include chemicals , textiles, leather, food , iron and wood products. There are also rubber and cement factories. Out of the countries evaluated, Venezuela fell in the last place. There are multiple factors that contribute to the lack of tourism in Caracas. A major factor that has contributed to the lack of foreign visitors has been poor transport for tourists. Venezuela has limited railway systems and airlines.
High crime rates and the negative attitude of the Venezuelan population towards tourism also contributed to the poor evaluation.
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In an attempt to attract more foreign visitors, the Venezuelan Ministry of Tourism invested in multiple hotel infrastructures. The largest hotel investment has been in the Hotel Alba Caracas. The cost for the general maintenance of the north and south towers of the hotel is approximately Although the Venezuelan Ministry of Tourism has taken the initiative to recognize the importance of the tourism industry, the Venezuelan government has not placed the tourism industry as an economic priority.
In , the budget for the Ministry of Tourism was only The tourism industry in Venezuela contributes approximately 3. This, along with the rapid population growth, has profoundly influenced the urban development of the city. The La Mariposa and Camatagua reservoirs provide water to the city. The city is occasionally subject to earthquakes - notably in and