The Spanish discover Montevideo and take over Uruguay from the Portuguese.
The Treaty of Montevideo gives birth to Uruguay as an independent state.
Uruguay is admitted to the United Nations.
The Mercosur trade bloc is established and Uruguay is made a sovereign member.
Admist an economic crisis, 15% of Uruguay's population leaves the country in search of work.
Tax increases and other emergency measures are taken to prevent Argentina's financial crisis from spilling over the border.
Uruguay pays off its billion-dollar debt to the International Monetary Fund.