Jamaica

Discovered in 1494, by the Spanish explorer, Christopher Columbus, the island nation of Jamaica, was to write down 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 opening 200 years under British rule, Jamaica was known as one of the worlds leading sugar-exporting nations, producing over 70,000 stacks of sugar annually. At this time, a plantation economy was actualize based on cocoa, sugar, and coffee. In 1834, the abolition of slavery caused the yield of 250,000 slaves, many of whom became farmers. Slowly gaining its freedom from British rule, Jamaica joined otherwise British Caribbean colonies and formed the Federation of the West Indies. Full freedom was attained when it withdrew from the Federation in 1962. Jamaica is a constitutional parliamentary democracy and a Commonwealth realm with the monarch act as by a Governor-General. The head of state is Queen Elizabeth II. The get-go 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 scramble with crumbling political economy conditions. During the 1970s, major political parties joined with contention gangs causing repeated violence. They then evolved into powerful organized shame groups participating in international money laundering and medicine smuggling. By 1980, the gross national pr oduct had fallen around 25% below its 1972 ! level, despite its efforts to shit more trusty policies in health and education. Rising debt along with large fiscal 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 destiny to get a full essay, coiffure it on our website: OrderCustomPaper.com

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