Francisco Hernandez de Cordoba completes the conquest of Nicaragua.
Nicaragua gains its independence from Spain but is incorporated into the Mexican empire.
Nicaragua becomes fully independent.
General Somoza is elected president, marking the start of a 44 year-long dictatorship by his family.
The World Bank cancels 80% of the debt that Nicaragua owes.
Congress approves the Central American Free Trade Agreement (CAFTA).
Congress approves a proposal for a canal linking the Pacific and Atlantic oceans.