Managua (maˈnaɣwa) is the capital and largest city of Nicaragua, and one of the largest cities in Central America. Located on the shores of Lake Managua, the city had an estimated population of 1,055,247 as of 2020, and a population of 1,401,687 in its metropolitan area. The city also serves as the seat of Managua Department. Founded in 1819, Managua became the national capital in 1852. The city underwent a rapid expansion and urbanization between 1842 and 1930, leading it to become one of the most developed cities in Central America. Several earthquakes have affected the city's growth, especially the 1931 earthquake and the 1972 earthquake, but the city has been rebuilt several times. Today, the city is a major economic hub for both the country and Central America. There are two possible origins for the name "Managua". It may have originated from the term Mana-ahuac, which in the Nahuatl language translates to "adjacent to the water" or site "surrounded by water". Or, it may have come from the Mangue language, where the word managua was said to mean "place of the big man" or "chief". Residents of the city are called managuas, managüenses, or capitalinos. Timeline of Managua Nicaragua was inhabited by Paleo-Americans as far back as 12,000 BC. The ancient footprints of Acahualinca are 2,100-year-old fossils discovered along the shores of Lake Managua. Other archeological evidence, mainly in the form of ceramics and statues made of volcanic stone, like the ones found on the island of Zapatera, and petroglyphs found on Ometepe island, contribute to the increasing knowledge of Nicaragua's ancient history. Founded as a pre-Columbian fishing town, the city was incorporated in 1819 and given the name Leal Villa de Santiago de Managua. Efforts to make Managua the capital of Nicaragua began in 1824, after the Central American nations formally attained their independence from Spain. Nicaragua became an independent nation in 1838. Managua's location between the rival cities of León and Granada made it a logical compromise site.