The growth of the cocoa trade, the …

Years: 1684 - 1827
The growth of the cocoa trade, the success of the Caracas Company, and the assertion of the royal will manifested by the suppression of the 1749 revolt all help to centralize the Venezuelan economy around the city of Caracas.

In recognition of this growth, Caracas is given political-military authority as the seat of the Captaincy General of Venezuela in 1777, marking the first instance of recognition of Venezuela as a political entity.

Nine years later, its designation is changed to the Audiencia de Venezuela, thus granting Venezuela judicial-administrative authority as well.

Barely three decades later, however, Venezuela will suddenly—after almost three centuries on the periphery of the Spanish American empire—find itself at the hub of the independence movement sweeping Latin America.

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