Jamaica

Discovered in 1494, by the Spanish explorer, Christopher Columbus, the island nation of Jamaica, was to pose with named Xaymaca by its Taino inhabitants, meaning The Land of Wood and Water. In 1655, the Spanish were evicted from the land by the English, causing Jamaica to become an English colony. During its business 200 years under British rule, Jamaica was known as one of the worlds leading sugar-exporting nations, producing over 70,000 tons of sugar annually. At this time, a plantation economy was eke out based on cocoa, sugar, and coffee. In 1834, the abolition of slavery caused the electric outlet of 250,000 slaves, many of whom became farmers. Slowly gaining its freedom from British rule, Jamaica joined other(a) British Caribbean colonies and formed the Federation of the West Indies. Full license was attained when it withdrew from the Federation in 1962. Jamaica is a constitutional parliamentary democracy and a Commonwealth realm with the monarch constitute by a Governor-General. The head of state is Queen Elizabeth II. The first signal ten years of independence was marked by sanitary economic growth. Averaging 6% a year, this growth was supply by large investments in bauxite, tourism and the manufacturing industry. However, this did not last.

Jamaica began to splutter with crumbling political economy conditions. During the 1970s, major political parties joined with rival gangs causing repeated violence. They then evolved into powerful organized abomination groups participating in international money laundering and do drugs smuggling. By 1980, the gross national product had fallen nigh 25% below its 1972 ! level, despite its efforts to shit more genuine policies in health and education. Rising debt along with large financial deficits, resulted in the offer of the International pecuniary Fund (IMF) which allows financing from the United States, and the application of IMF austerity measures (with a greater than 25% interest rate per year.) With both toffee-nosed sector businesses and state...If you privation to get a full essay, coiffure it on our website: OrderCustomPaper.com

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