Bermuda Background

Background: Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. Tourism to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has developed into a highly successful offshore financial center. Although a referendum on independence from the UK was soundly defeated in 1995, the present government has reopened debate on the issue.

Definition: This entry usually highlights major historic events and current issues and may include a statement about one or two key future trends.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of May 16, 2008