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Vitória's economy is strongly based on industry, but it is also an important port city , having a total of three ports. As such, it performs a very important function for the region, in exporting local products (both agricultural and industrial). Another important aspect of the economy is the housing market, which can easily be seen through the many small-scale residential skyscrapers.
The island was populated shortly after the arrival of Vasco Fernandes Coutinho to Vila Velha, where he first settled colonists, but soon became more popular as the mainland became increasingly dangerous. Other considerations, such as attacks from Dutch and French traders, in search of sugar cane, also contributed to the choice of this island as home to the colonists.
During the first half of the 19th century, Vitória was still seen as a backward agricultural town, with narrow and disorganized lanes. The commercial capital at the time was Cachoeiro de ItapemirimCachoeiro de Itapemirim is the name of a municipality and of its capital, located in the south of Espirito Santo, Brazil, on the banks of the Itapemirim river. It is the economic hub of southern Espirito Santo, being the most important producer of marble, and because of that the revenues of commerce would go to Rio de JaneiroRio de Janeiro (meaning River of January in Portuguese) is the name of both a state and a city in southeastern Brazil. The city is famous for the hotel-lined tourist beaches Copacabana and Ipanema, for the giant statue of Jesus Christ the Redeemer ("Crist, rather than Vitória. It was only after the adoption of a republicanIn political science, a republican (lowercase r is a person who advocates the establishment of a republic as a form of government, in contrast to a monarchist and focused more on republican ideals than democratic. See also republicanism In politics, a Rep style of government in 1889Events January-April January 8 Herman Hollerith receives a patent for his electric tabulating machine January 22 Columbia Phonograph is formed in Washington, DC. February 11 Meiji Constitution of Japan adopted; 1st Diet convenes in 1890 January 30 ? Crown that the governors decided to modernize the state capital.
In 1892Events January 1 Ellis Island begins accepting immigrants to the United States. January 14 Death of Prince Albert Victor, Duke of Clarence, second in line heir to the throne of the United Kingdom of Great Britain and Ireland. Next in line is his younger b Muniz FreireMuniz Freire can mean: Muniz Freire (town) (Town and Municipality, Espirito Santo, Brazil) Muniz Freire (governor) (Governor of Espirito Santo, Brazil). came to power for two 4-year terms, and began his leadership by paving roads, planning the town's expansion, and contracting a loan of 700 million French FrancThe franc is the name of several currency units. The name is said to derive from the Latin inscription francorum rex ("King of the Franks") on early French coins, or from the French franc meaning "free". Countries which use francs include Switzerland ands to build a rail connection to Cachoeiro de Itapemirim. Muniz Freire intended to channel exports and revenues through the capital, and thus promote its growth. By 1894Events January 8 A fire at the World's Columbian Exposition in Chicago causes a good deal of damage. January 9 New England Telephone and Telegraph installs the first battery-operated telephone switchboard ( Lexington, Massachusetts). February 15 04:51 GMT the town showed signs of growth fueled mainly by the great activity of the port of Vitória, and the high price of coffee, which was the main export product for the state at the time. The moeny brought in by this increased economic activity spurred on the city's modernization.
In 1908, Jerônimo Monteiro became state governor, and continued urban development. During his time in office he saw Vitória surpass Cachoeiro de Itapemirim as a commercial center. This was helped by the 1911 completion of the railway line linking the two towns and the improvement of port facilities. During this period, many projects such as the building of schools, Moscoso Park , Santa Casa da Misericordia Hospital, and the Santo Antonio cemetery were undertaken. Monteiro was also responsible for other projects such as the creation of the public archive, the state library and state museum.