Potosí is a city in southern Bolivia, located at a high altitude of about 4,090 meters (13,420 feet) above sea level. It was founded in 1545 and became famous for its rich silver mines, particularly the Cerro Rico mountain, which was a major source of wealth for the Spanish Empire during colonial times. The city played a crucial role in the global economy due to its silver production. Today, Potosí is recognized as a UNESCO World Heritage Site, showcasing its historical significance and colonial architecture. The mining industry has declined, but the city remains an important cultural center, reflecting the rich history and traditions of the Andean people.