Yangon, formerly Rangoon, was the capital of Myanmar until it was superseded by Naypyidaw in November 2005. The city is an amalgamation of British, Burmese, Chinese, and Indian influences, and is known for its colonial architecture, which although decaying, remains an almost unique example of a 19th-century British colonial capital. New high-rise buildings were constructed from the 1990s as the government began to allow private investment. However, Yangon continues to be a city of the past, as seen by its lyongi-wearing pedestrians, its street vendors, and its pungent smells. According to local legend, the Shwedagon Pagoda was built during the time of the Buddha and the area around the pagoda, modern Yangon (Rangoon), has been settled since then. Whatever the truth of the legend, it is certain that a Mon village named Dagon has existed at the site since the 6th century A.D. It was renamed Yangon (the 'end of strife') by the Shwebo based King Alaungpaya when he captured it from rebel Mon leaders in 1755 after which its importance as a port city began to grow. However, the city gained in importance only after the British occupied it during the Second Burmese War in 1852, after which it became the capital of British Burma and the trading and commercial center of Burma. The city grew rapidly during the colonial period, which left a legacy of solid 19th-century colonial architecture. Burma attained independence in 1948, but its true 'modern' period begins with the 1962 military coup and the institution of an isolationist Socialist regime in 1964, resulting in the steady decay of the city and its infrastructure. In 1988, Rangoon was the site of peaceful pro-democracy protests, in which thousands, including monks and students were gunned down. In 1989, the city was renamed Yangon by the military junta. In 2006, the capital was moved to Naypyidaw but today Yangon remains the business, cultural, and intellectual capital of modern Burma. In 2007, Yangon again became the c...