EDUCATION

Bahamas – Its historical past, economic system and governance

Bahamas – Its historical past, economic system and governance

Bahamas – Its historical past, economic system and governance

The Bahamas, formally known as the “Commonwealth of the Bahamas”, is an archipelago positioned off the southeast coast of Florida, United States and north of Cuba. The Bahamas consists of over 700 islands and over 1,000 cays and rocks protecting an space of ​​over 5,000 sq. miles (practically 14,000 km2) and a inhabitants of over 300,000. Solely about thirty islands are inhabited. The biggest island is Andros however New Windfall is essentially the most populated. The capital Nassau is positioned on this island. Eighty-five p.c of the inhabitants is made up of Afro-Bahamians, the remainder are Europeans with a slim minority of Asians. The primary languages ​​are English, Creole Spanish and Portuguese. The nation is predominantly Christian in faith, with the most important denominations being Baptists, Anglicans and Roman Catholics. The literacy price is among the highest on the planet at 95.6% whereas life expectancy is estimated at 63 years.

Historical past and Governance

The nation’s historical past dates again to the primary touchdown of Christopher Columbus, who is alleged to have landed in San Salvador, an island south of the Bahamas. Many inhabitants had been enslaved and deported to Spain and the world was largely abandoned till the arrival of the British who established colonies within the space. The islands then handed below the British Empire. After the American Revolutionary Warfare, enslaved Africans in the USA who had fought on the British aspect within the battle had been expelled and resettled right here by the British. The nation grew to become self-governing in 1964 and totally unbiased in 1973. The federal government is a constitutional parliamentary democracy primarily based on the Westminster mannequin of the UK. The nominal head of state is Queen Elizabeth and the performing head of the crown is a Governor Normal. The top of presidency is the Prime Minister. The Bahamas has been a peaceable nation and has not witnessed violent coups or unrest.

Economic system

Economically, tourism is the largest supply of cash for this island nation with practically half of the GDP coming from this business alone and using a lot of the islanders. The islands’ sunny seashores and pleasant social gathering environment of the locals are likely to play a giant half within the islands’ attraction. Furthermore, the islands being near the USA of America, they’ve a big share of holiday makers preferring the Bahamas as a vacation spot for its attract of “tropical paradise”. Many packages and excursions exist for the Bahamas and the comparatively cheaper price than the continental United States has enhanced its attraction to everybody in North America. The nation’s economic system can also be primarily based on fishing, which is the primary occupation proper after tourism. Greens and fruits are additionally grown in abundance. With world free commerce, the Bahamas has benefited essentially the most from the institution of many banking and funding firms within the islands. The nation has a per capita earnings of over $20,000, which places it within the prime 50 checklist. The Bahamian forex is the Bahamian greenback.

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