Jamaica

Discovered in 1494, by the Spanish explorer, Christopher Columbus, the island nation of Jamaica, was to fetch 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 transmission line 200 years under British rule, Jamaica was known as one of the worlds leading sugar-exporting nations, producing over 70,000 lashings of sugar annually. At this time, a plantation economy was achieve based on cocoa, sugar, and coffee. In 1834, the abolition of slavery caused the mercantile establishment of 250,000 slaves, many of whom became farmers. Slowly gaining its freedom from British rule, Jamaica joined early(a) British Caribbean colonies and formed the Federation of the West Indies. Full liberty was attained when it withdrew from the Federation in 1962. Jamaica is a constitutional parliamentary democracy and a Commonwealth realm with th e monarch oppose 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 provide by large investments in bauxite, tourism and the manufacturing industry. However, this did not last.

Jamaica began to pare with crumbling political economy conditions. During the 1970s, major political parties joined with agree gangs causing repeated violence. They then evolved into powerful organized offensive activity groups participating in international money laundering and do drugs smuggling. By 1 980, the gross national product had fallen ! about(predicate) 25% below its 1972 level, despite its efforts to shit more trustworthy policies in health and education. Rising debt along with large pecuniary deficits, resulted in the offer of the International pecuniary Fund (IMF) which allows backing 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 expect to get a full essay, coiffure it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper