Search results
Results from the WOW.Com Content Network
Pegged with. United States dollar (at par) The Bermudian dollar (symbol: $; code: BMD; also abbreviated BD$; informally called the Bermuda dollar) is the official currency of the British Overseas Territory of Bermuda. It is subdivided into 100 cents. The Bermudian dollar is not normally traded outside Bermuda, and is pegged to the United States ...
Bermuda has little in the way of exports or manufacturing, and almost all manufactured goods and foodstuffs must be imported. The value of imports continues to rise, up from US$551m in 1994 to US$712m in 1999. The U.S. is Bermuda's primary trading partner; from a value of US$400m in 1994, U.S. imports expanded to US$533m in 2000.
Map of the island of Bermuda. Bermuda was first documented by a European in 1503 by Spanish explorer Juan de Bermúdez.In 1609, the English Virginia Company, which had established Jamestown in Virginia two years earlier, permanently settled Bermuda in the aftermath of a hurricane, when the crew and passengers of Sea Venture steered the ship onto the surrounding reef to prevent it from sinking ...
The United States is Bermuda's largest trading partner (providing over 71% of total imports, 85% of tourist visitors, and an estimated $163 billion of US capital in the Bermuda insurance/re-insurance industry). According to the 2016 Bermuda census 5.6% of Bermuda residents were born in the US, representing over 18% of all foreign-born people. [94]
The following outline is provided as an overview of and topical guide to Bermuda: Bermuda – a British overseas territory located in the North Atlantic Ocean. [ 1 ] Located off the east coast of the United States, it is situated around 1770 km (1,100 mi) northeast of Miami, Florida, and 1350 km (840 mi) south of Halifax, Nova Scotia, Canada.
Sugar plantations in the Caribbean were a major part of the economy of the islands in the 18th, 19th, and 20th centuries. Most Caribbean islands were covered with sugar cane fields and mills for refining the crop. The main source of labor, until the abolition of chattel slavery, was enslaved Africans. After the abolition of slavery, indentured ...
Bermuda–United States relations. The United Kingdom is formally responsible for Bermuda 's foreign and defense policy. American policy toward the United Kingdom is the basis of US–Bermudian relations. In the early 20th century, as modern transportation and communication systems developed, Bermuda became a popular destination for wealthy ...
In the United States the unofficial beginning and ending dates of national economic expansions have been defined by an American private non-profit research organization known as the National Bureau of Economic Research (NBER). The NBER defines an expansion as a period when economic activity rises substantially, spreads across the economy, and ...