Introduction of Panama city
Manufacturing city, capital of Panama, on the Gulf of Panama. Founded in 1519, it was a prosperous colonial port until it was raided and leveled for its gold stores by Sir Henry Morgan in 1671. It was refounded five miles W of the original site in 1673 but declined as its Andean gold sources diminished. Revived during the California gold rush and the construction of the trans-Panama railway in the mid-19th century, it was the center of the revolt against Colombia in 1903. Its university, founded in 1935, is a recognized center of inter-American affairs.