After the founding of Caracas by Spanish in 1567, toward the turn of the 16th century, the Port of La Guaira emerged on the coast and, since that time, has been the gateway to Caracas. This coastal city, almost without land to develop and bathed by the Caribbean Sea, became an important harbour during the 18th century. Attacked by buccaneers and by the English, Dutch, and French armadas, La Guaira was transformed into a fortified, walled city. During the War of Jenkins' Ear (1739�1748), the Battle of La Guaira took place off the coast of La Guaira. This period also saw the trading monopoly of the Royal Gipuzkoan Company of Caracas, which controlled the major ports of La Guaira and Puerto Cabello and was instrumental in the development of large-scale cocoa production along the valleys of the coast. Another small naval battle was fought off La Guaira in 1812, between privateers of theUnited States and the United Kingdom. Now this is the second port by importance in Venezuela after Puerto Cabello
