Cayman Islands
Some of the key events about Cayman Islands
- 1670The Cayman Islands were first settled by British colonists
- 1670The Cayman Islands were colonized by the British, beginning a long period of foreign rule.
- 1794A severe famine struck the islands, causing significant hardship for residents.
- 1831The first elected parliament in the Cayman Islands was established
- 1932A devastating hurricane hit the Cayman Islands, causing widespread destruction and loss of life.
- 1953The first airfield was opened on Grand Cayman, improving accessibility
- 1959The Islands' first written constitution was introduced
- 1962The Cayman Islands became a British Overseas Territory, maintaining colonial status rather than gaining independence.
- 1966The Cayman Islands Currency Board was established, issuing the first local currency
- 1968The Cayman Islands Stock Exchange was founded
- 1980The islands became known as an offshore tax haven, attracting criticism for potentially facilitating tax evasion.
- 1984The Cayman Islands became a British Overseas Territory
- 1994The Cayman Islands National Museum opened, preserving local history and culture
- 2001The Cayman Islands were placed on the FATF blacklist for non-cooperative countries in money laundering.
- 2004Hurricane Ivan caused extensive damage to Grand Cayman, destroying or damaging 95% of buildings.
- 2008The global financial crisis significantly impacted the Cayman Islands' economy and financial services sector.
- 2009A new constitution was implemented, providing for greater autonomy
- 2016The Owen Roberts International Airport expansion project began, enhancing tourism infrastructure
- 2017The Paradise Papers leak revealed the Cayman Islands' role in global tax avoidance schemes.
- 2020The COVID-19 pandemic severely affected the islands' tourism-dependent economy, leading to widespread job losses.
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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