History of the Exumas
Religious English settlers landed in Eleuthera in the mid Seventeenth century, and on forming the first British colony, became prosperous farming the land.
Britain claimed the islands in 1670, along with the problem of piracy, which was endemic, with such characters as Blackbeard, Henry Morgan, and Anne Bonney, plying their trade until 1718, when the first governor, Woodes Rogers, drove them out. Only to be replaced by privateering, which was effectively government sponsored piracy, during Britain's war with Spain.
In 1782, during the American Revolution, Spain captured the Bahamas, but only briefly until the Treaty of Versailles, when the Islands, once more became a British colony
The Bahamas checkered history continued throughout the Eighteenth and early Nineteenth century, transporting Cotton and military equipment during the American Civil war, and rum-running during the Prohibition years of the Roaring Twenties. A period of economic hard times followed until the end of the Second World War,when the Bahamas became a popular tourist destination.
The Bahamas consists of about 700 islands covering 100,000 sq miles of ocean. They start approximately 75 miles east of Florida, and stretch 750 miles south to the Inaqua Islands. The land mass is approximately 7,500 square miles only, with most islands being surrounded by coral reefs.
The Islands tend to become less vegetated the further south they extend, and in many places cactus is the dominant form of plant life. In the northern and western islands, there is more conventional vegetation with many Palm forests, palmetto and cabbage palm, Mangroves are present on many islands.
Political and Economics
The Bahamas has become a favorite for international investment, and of particular attraction is the tax-free economy, where there are also no taxes on corporate earnings, or capital gains. The Government also looks favorably upon projects that will provide revenue to the Islands, and streamlines the process to approve this type of activity, especially in the areas of finance, tourism, insurance, shipping and manufacturing. There are a number of experienced law firms in Nassau. The Bahamian dollar is pegged on a one for one basis with the US dollar.