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Bahamas
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Geography
The Bahamas is an archipelago consisting of about 700 islands and Cays
and almost 2,400 low, barren rock formations. Only 22 of these islands
and keys are inhabited. The archipelago extends about 750 miles (1,200
km), reaching from a point off the east coast of Florida almost to the
island of Hispaniola.
The islands are generally low and flat and the highest point in the
entire archipelago, on Cat Island, is only 63 meters above sea level.
There are no running streams except on Andros, the largest island. Fresh
water is procured from wells dug in underlying rocks. Nassua, the capital
is located on New Providence island.
History
One of the Bahama islands- San Salvador also called Watling Island-
is probably the first site where the Spaniards landed in the New World
in 1492. Caribs and Arawaks were enslaved by the newly arrived Europeans
and not long after were virtually wiped out. In 1503 white settlers
brought slaves to the Bahamas and settled in Eleuthera. However, the
Bahamas became a haven for pirates the likes of Edward Teach alias Blackbeard
and his cohorts, "Calico" Jack Rackham, Major Bonet (a Frenchman)
and the female pirates Mary Reed and Ann Bonney. Following emancipation
in August 1834 the freed slaves established themselves in various communities
throughout the islands. The Bahamas remained a British colony until
its independence in July 1973.
Economy
The economy is heavily dependent on tourism and offshore banking. Tourism
alone accounts for more than 40% of the labor force. The financial services
sector includes banks and trust companies, insurance companies, mortgage
companies, international business companies, investment companies, mutual
funds and a ship registry. In excess of $ US 260million in assets are
under management in Bahamian licensed banks of which there are approximately
420 from 34 different countries. Manufacturing and industry account
for about 10% of GDP with most of this sector operational in Freeport,
Grand Bahama. Salt, rum, aragonite, pharmaceuticals and beer are among
the major exports. There are ongoing efforts to develop the agricultural
and fisheries sector which currently accounts for 5% of GDP. The country
earns an estimated $US 60 million annually from the export of crawfish.
People & Culture
Most Bahamians are of African descent -about 85%. The remaining white
population is directly descended from Loyalists, Eleutheran adventurers
and sailors. Some families have been native Bahamians for over two centuries.
Religion is an important part of Bahamian life and churches are to be
found everywhere. Although many international foods can be found in
the Bahamas, the country boasts a variety of local dishes including
its famous conch salad, crack conch and boil fish and Johnny cake. Junkanoo
is a national festival in the Bahamas and Christmas celebrations include
several Junkanoo parades through the streets of the various islands,
particularly in the wee hours of the morning on Boxing Day (December
26) and New Year's Day.
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