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In 1967, the people of Nauru purchased the assets of the British Phosphate Commissioners, and in June 1970, control passed to the locally owned Nauru Phosphate Corporation. Money gained from the exploitation of phosphate was put into the Nauru Phosphate Royalties Trust and gave Nauruans the second highest GDP Per Capita (second only to the ...
Nauru gained its independence in 1968. ... Before a resurgence in the 2010s, the Nauruan economy was strongest in the 1970s, with GDP peaking in 1981. [117] ...
The Republic of Spanish Haiti gained independence from Spain in 1821, was occupied by Haiti, then gained independence as the First Dominican Republic; reoccupied by Spain 1861-1865, the Second Dominican Republic gained independence but was occupied by the United States 1916-1924. The Third Dominican Republic followed the U.S. occupation. 28
The mining left an ecological and economic disaster for Nauru to handle when the country achieved independence in 1968. Not only was the country's principal resource and employment generating activity almost entirely depleted by the rapid mining done by the three countries, the mining companies had also failed to follow the basic principles of ...
Nauru's independence enjoyed bipartisan support in Australia, [9] although Senate backbencher Magnus Cormack was skeptical that Nauru would succeed as an independent country, predicting that it would become "the greatest slum in the oceans of the world" when phosphate reserves ran out. [10] The act consists of four sections. [11]
The history of the modern Federated States of Micronesia is one of settlement by Micronesians; colonization by Spain, Germany, and Japan; United Nations trusteeship under United States-administered Trust Territory of the Pacific Islands; and gradual independence beginning with the ratification of a sovereign constitution in 1979.
Taiwan's government has accused China of offering large sums of money to Nauru. China's foreign ministry did not answer a question on that allegation on Monday, saying only that Nauru had made the ...
Nauru became a full member of the Commonwealth of Nations in May 1999. Since independence, Nauru had been a special member of the Commonwealth prior to 1999, but having fallen behind in payments, reverted to Special Member status on 1 July 2005, with no authoritative power. It then returned to be a full member again in June 2011.