Chilean Patagonia's most important city, Punta Arenas (often pronounced as if a single word) was an important supply station for ships prior to the completion of the Panama Canal and the home to mansions of the wool barons who transformed the economy of southernmost Chile and Argentina. The main sights are the Plaza Munoz Gamero, with its monument to Hernando de Magallanes (Magellan); the regional museum (formerly the Braun-Menendez mansion); and the cemetery, with graves and monuments to the first settlers and pioneer families from throughout Europe, including Yugoslavia, Great Britain, Italy and Spain. Even with all the tourism operations in the area, oil and environmentally controversial salmon farms remain the primary economies of southern Chile; both are evident with the commercial shipping and salmon processing operations in Punta Arenas.
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