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Background: The Genoese built a fortress on the site of present-day Monaco in 1215. The current ruling Grimaldi family secured control in the late 13th century, and a principality was established in 1338. Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center. 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 |
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