1 One of the largest cities in South America , Buenos Aires is the capital of Argentina . 2 It is one of the world's most important ports and most populous cities . 1 One of the largest cities in South America , Buenos Aires is the capital of Argentina . 89 The port of Buenos Aires is the largest in South America . 2 The Spanish colonists named the city for the "good winds" that brought them to the port . 5 According to tradition , 16th-century Spanish sailors named the port for their patron saint , Santa Maria del Buen Aire ( St . Mary of the Good Air) . 3 The city is also the country's leading port and center of commerce , politics , and culture . 6 The city is the national centre of commerce , industry , politics , and culture . 5 It lies at the northeastern edge of the flat plain known as the Pampa , which occupies the heartland of Argentina . 36 The city of Buenos Aires is located at the northeastern edge of the flat plain known as the Pampa , which occupies the heartland of Argentina . 6 The city is situated at the point where the Parana River delta widens to meet the Rio de la Plata . 1 city , Federal District , and capital of Argentina , situated on the shore of the Rio de la Plata , 150 miles ( 240 kilometres ) from the Atlantic Ocean . 6 The city is situated at the point where the Parana River delta widens to meet the Rio de la Plata . 37 It is situated at the point where the Parana River delta widens to meet the Rio de la Plata . 6 The city is situated at the point where the Parana River delta widens to meet the Rio de la Plata . 38 The eastern and northern limits of the metropolitan area are defined by the Rio de la Plata , and the city's most prominent physical characteristics are the numerous small rivers that flow through its periphery . 6 The city is situated at the point where the Parana River delta widens to meet the Rio de la Plata . 170 Two extensive parks that were built on reclaimed floodlands are the Almirante Brown Park , in the Riachuelo Valley , and the Tres de Febrero Park , on the Rio de la Plata . 7 Buenos Aires has green areas that include plazas , parks , and wide tree-lined avenues . 169 The city is ringed with espacios verdes ( "green areas" ) , which include plazas , parks , and tree-lined boulevards . 10 The most important of the city's theaters is the Colon Theatre . 157 The most important of the city's theatres is the Colon Theatre , which is the opera house as well as the headquarters of the national ballet and the national symphony . 11 It is an opera house as well as the headquarters of the national ballet and the national symphony . 157 The most important of the city's theatres is the Colon Theatre , which is the opera house as well as the headquarters of the national ballet and the national symphony . 12 Amateur theater groups are active , and there is an open-air stage in La Boca . 160 Amateur theatre groups are active , and there is an open-air stage in La Boca . 13 The city's museums house varied collections . 162 The city's museums -- several of which are run by the municipal government -- house varied collections . 14 The Bernardino Rivadavia Argentine Museum of Natural Sciences has an exceptionally rich fossil collection and runs a scientific institute . 163 The Bernardino Rivadavia Argentine Museum of Natural Sciences has an exceptionally rich fossil collection and operates a scientific institute . 15 The National Museum of Fine Arts contains collections of world masters and of Argentine painters and sculptors . 164 The National Museum of Fine Arts contains collections of world masters and of Argentine painters and sculptors , while the National Museum of Decorative Arts houses tapestries and antiques . 16 The National Museum of Decorative Arts houses tapestries and antiques . 164 The National Museum of Fine Arts contains collections of world masters and of Argentine painters and sculptors , while the National Museum of Decorative Arts houses tapestries and antiques . 17 Buenos Aires is the nation's chief port and the largest in South America . 89 The port of Buenos Aires is the largest in South America . 18 It is the country's processing and shipping center . 87 Buenos Aires is the country's chief point of consumption , processing , and shipping . 20 About half of all manufacturing jobs are located here . 95 More than one-third of the industrial capacity of the country is in the Buenos Aires metropolitan area , and about one-half of all manufacturing jobs are located there . 21 The main industries include food processing , metalworking , automobile assembly , oil refining , and printing and publishing . 97 The main industries include food processing ( meat , fish , and grain ) , metalworking , automobile assembly , oil refining , printing and publishing , and the manufacture of textiles , beverages , paper , and chemicals . 22 The city also produces textiles , beverages , paper , and chemicals . 97 The main industries include food processing ( meat , fish , and grain ) , metalworking , automobile assembly , oil refining , printing and publishing , and the manufacture of textiles , beverages , paper , and chemicals . 23 Most of the banking activity of the country is also located in Buenos Aires . 101 The city virtually monopolizes the banking activity of the country . 25 Juan de Garay , a Spaniard , led an expedition to the Rio de la Plata region . 170 Two extensive parks that were built on reclaimed floodlands are the Almirante Brown Park , in the Riachuelo Valley , and the Tres de Febrero Park , on the Rio de la Plata . 25 Juan de Garay , a Spaniard , led an expedition to the Rio de la Plata region . 177 It was first founded in 1536 by an expedition led by the Spaniard Pedro de Mendoza , who had been made the first governor general of the Rio de la Plata region . 25 Juan de Garay , a Spaniard , led an expedition to the Rio de la Plata region . 192 Their links with the port on the Rio de la Plata were of little consequence . 26 There , at the mouth of the Rio Riachuelo , he founded the city in 1580 . 179 Nearly 50 years later Juan de Garay led a more substantial expedition back to the site , and there , at the mouth of the Rio Riachuelo , he refounded Nuestra Sen~ora Santa Maria del Buen Aire in 1580 . 27 In the last quarter of the 17th century and the first half of the 18th , settlements spread rapidly to the northwest along the banks of the Parana River . 194 In the last quarter of the 17th century and the first half of the 18th , settlements spread rapidly to the northwest along the banks of the Parana River , a fertile area well irrigated by many streams and small rivers; these were easily navigated by small boats operated by smugglers who reached the many farms and ranches that lined the river . 28 By the middle of the 18th century , Buenos Aires had become a thriving center of trade . 197 By the middle of the 18th century , Buenos Aires was a thriving , if still modest commercial entrepot of nearly 20,000 inhabitants . 30 During and after World War II , industrial growth contributed to the city's expansion and reinforced its political and economic dominance of the country . 250 The broad avenues in the core of the city , most of them carved out during the 1920s and '30s , continue to carry the burden of vehicular traffic , and only one of the five subway lines was built after World War II .