Porto Alegre is the capital and largest city in the Brazilian state of Rio Grande do Sul. Founded in 1769 by Manuel Sepúlveda, its population of 1,509,939 inhabitants makes it the tenth most populous city in the country and the centre of Brazil's fourth largest metropolitan area, with 4,405,760 inhabitants. The city is the southernmost capital city of a Brazilian state. Porto Alegre is one of the top cultural, political and economic centers of Brazil.Porto Alegre was founded in 1769 by Manuel Jorge Gomes de Sepúlveda, who used the fictitious name or pseudonym José Marcelino de Figueiredo, to hide their identity; but the official date is 1772 with the act signed by immigrants from the Azores, Portugal. In the late 19th century the city received many immigrants from other parts of the world, particularly from Germany, Italy, and Poland. The vast majority of the population is of European descent.The city lies on the eastern bank of the Rio Guaiba, where five rivers converge to form the Lagoa dos Patos, a giant freshwater lagoon navigable by even the largest of ships. This five-river junction has become an important alluvial port as well as a chief industrial and commercial center of Brazil.The port of Porto Alegre is important for transporting local produce. The "capital gaúcha" has a broad-based economy that lays particular emphasis on agriculture and industry. Agricultural production includes produce such as plums, peaches, rice and cassava grown on rural smallholdings. The shoe and leather industries are also important, especially in Novo Hamburgo, in the Metropolitan Region of Porto Alegre.In recent years, Porto Alegre hosted the World Social Forum, an initiative of several non-government organizations. The city became famous for being the first city that implemented participatory budgeting. The 9th Assembly of the World Council of Churches was held in Porto Alegre in 2006. Since 2000, Porto Alegre also hosts one of the world's largest free software events, called FISL.The city will be one of the host cities of the 2014 FIFA World Cup. Additionally, Porto Alegre hosted the 1950 FIFA World Cup.