 Still, because of the pagoda, Dagon's cultural significance was far greater than its size.In 1755, King Alaungpaya captured the village, renamed it Yangon (most commonly translated as "End of Strife"), and founded a larger city by adding settlements such as Ahlon, Pabedan, Kyauktada, and Botataung.During the British colonial period, Dagon was mostly a prosperous neighborhood, though the areas closer to downtown were full of squatters.