Examples of Valparaíso’s former glory include Latin America’s oldest stock exchange, the continent’s first volunteer fire department, Chile’s first public library, and the oldest Spanish language newspaper in continuous publication in the world. The opening of the Panama Canal and reduction in ship traffic dealt a staggering blow to Valparaíso, though the city has staged an impressive renaissance in recent years. Though nearby San Antonio has taken the reins as the country’s most commercially important seaport (greater tonnage moved), the City of Valparaíso remains a vibrant center of Chilean culture, and the Greater Valparaíso metropolitan area (which includes Valparaíso, Viña del Mar, Quilpué and Villa Alemana) has the third largest concentration of population in the country after Greater Santiago and Greater Concepción.
Read more about this: http://en.wikipedia.org/wiki/Valpara%C3%Adso
| Cerro Concepción, Valparaíso, Chile |