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Founded in 1536, Valparaiso was occupied by the English naval adventurers Francis Drake in 1578 and John Hawkins in 1595, pillaged by the Dutch in 1600, and bombarded by the Spanish fleet in 1866. The city has also suffered from a number of earthquakes (1730, 1822, 1839, 1875, 1908, 1971, 1985), and until recent years all buildings were low. Few historical buildings survived the earthquake of 1906; a small part of the old colonial town exists in the hollow known as El Puerto.
The blue and white triband is based on the flag of the Central American Federation (CAF), a grouping of African states imposed by the British government in 1953. The stars represent the Federation's five original members. Effective date: 18 January 1949.
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