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The economy of Puerto Rico is classified as a high-income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. [14] [15] The main drivers of Puerto Rico's economy are manufacturing, which primarily includes pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate ...
After the Spanish–American War, Spain ceded Puerto Rico to the United States under the conditions established by the Treaty of Paris of 1898. Chinese workers in the United States were allowed to travel to Puerto Rico. Some worked in the island's sugar industry, but most worked in re-building Puerto Rico's infrastructure and rail systems. Many ...
In 2012, there were 13,159 farms in Puerto Rico. [9] While not a state, Puerto Rico is a member of the Southern United States Trade Association, a non-profit organization that assists the agriculture industry in developing its exports. [10] In early 2020, farm owners in Ponce reported on the continuing challenge of finding laborers. [11]
The United States acquired the islands of Puerto Rico in 1898 after the Spanish–American War, and the archipelago has been under U.S. sovereignty since.In 1950, Congress enacted the Puerto Rico Federal Relations Act of 1950 or legislation (P.L. 81-600), authorizing Puerto Rico to hold a constitutional convention and, in 1952, the people of Puerto Rico ratified a constitution establishing a ...
The pharmaceutical industry in Puerto Rico encompasses more than half of all manufacturing done in Puerto Rico.As the island's most prominent industry, pharmaceutics generates more than 18,000 jobs, pays more than US$3 billion in taxes, comprises about half of total exports, and has generated more than 25% of the island's GDP for the past four decades. [1]
Clemente, a Puerto Rico native, died in a plane crash in December 1972 while en route to Nicaragua to deliver disaster relief to victims of an earthquake. [ 28 ] September 14 – A bipartisan group of Congressmen led by Darren Soto (D-FL) introduce a bill to recognize the results of the November 3 referendum on statehood.
Front page of "La Gaceta de Puerto Rico" in January 1836. News Media in Puerto Rico can be dated back to the invasion of the Spaniards and the introduction of a Spanish led government. Captain General, Toribio Montes established a printing press at the Spanish government's headquarters and began publishing "La Gaceta del Gobierno de Puerto Rico ...
The Sociedad Económica de Amigos del País en Puerto Rico (1813–1899) was a learned society in the Spanish colony San Juan, Puerto Rico, modelled after the Sociedad Económica de los Amigos del País in Spain. [1] The society published a newspaper, the short-lived Diario Económico de Puerto Rico (1814–1815), [2] and