History The island of Bermuda is named after the browser Spanish Juan Bermudez who discovered it in 1503. Of British bases there from 1609 after a shipwreck and founded the first capital of St. George in 1612. The first slaves were brought from Africa in 1616 and formalized in the British colonization in 1684. The archipelago became British in 1707 with the creation of Great Britain (the unification of England and Scotland).
In the early twentieth century , while transportation and communication were booming, Bermuda became a very fashionable destination for wealthy British tourists, American and Canadian. Moreover, tariffs erected in 1930 by the U.S. against its trading partners had to reduce considerably the agricultural exports of Bermuda.
These agricultural exports, which were once thriving, concerned mainly vegetables fresh. This new situation prompted the territory of British overseas to develop a tourism industry that is now behind international trade through its economic importance.
During the Second World War , Bermuda became an important military base because of their position in the Atlantic Ocean. In 1941 , the U.S. passed an agreement with the United Kingdom. In exchange for the sale of destroyers Americans, the British conceded to the Americans, for a period of 99 years, land in order to establish military bases and naval air.
From 1 September 1995 , the two U.S. bases stopped working as well as British and Canadian bases.
Geography
Bermuda consists of 123 small islands of coral with adequate rainfall, but no river or lake of fresh water.
The main islands are:
Bermuda bathed in a mild climate with few extremes marked. During the winter , from December to March, the average temperature is 21 C (70 F ). The warm period from May to mid-October, has a temperature of 23 C (75 F) to 30 C (85 F ). The months of summer are slightly dry despite regular rainfall throughout the year.
Politics
Bermuda is dependent on the United Kingdom. The legislative system is formed by a bicameral parliament with a senate of 11 members and a House of Representatives with 40 members. Senators are appointed and elected for 5 years.
Bermuda is divided into 9 parishes and 2 municipalities.
The Head of State is Queen Elizabeth II.
Subdivisions
Bermuda is divided into 9 parishes and 2 municipalities.
Parishes:
Municipalities:
Economy
GDP: 4.5 billion ( 2004 )
Real GDP growth: 2% ( 2003 )
GDP per capita: 69,900 ( 2004 )
Inflation rate: 3.3% ( 2003 )
Unemployment rate: 5% ( 2003 )
Total external debt: U.S. 160 million ( March ( 2003 )
Bermuda is a flag of convenience.
Bermuda is a tax haven. Many wealthy Americans are residents of Bermuda. Bermuda is mostly known in the world of finance for their system on insurance companies and captive reinsurance.
Demographics
Demographic changes between 1961 and 2003 (figure in
FAO , 2005). Population in thousands.
Trivia
The word Bermuda is derived from the name of Bermuda, where British officers were wearing shorts that reached to the knees. It is also the place for business men who wear shorts with a blazer, shirt with short sleeves, tie or not, knee socks and shoes.
Codes
Bermuda codes are:
Notes
References
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External Links
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