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Stafford Sands
Sir Stafford Lofthouse Sands (23 September 1913 – January 23, 1972) was a former Minister of Finance of the Bahamas (1964–1967), who held other high positions in the islands until his self-chosen exile in 1967. He helped create the Bahamas' tourism industry and is credited with being an architect of Bahamian post-war prosperity. He has been dubbed the "Father of Tourism" in The Bahamas.Simon"Facts and Fiction About Diversification" Bahama Pundit, 9 August 2010. Sands was a lawyer who, from 1946, represented Wallace Groves and other Americans who sought to establish casinos, resorts, free-trade areas, and other developments in the islands, primarily at Freeport. From 1958, when party politics began, Sands had a prominent role in the United Bahamian Party (UBP), which was in power until 1967. The 1967 Royal Commission of Inquiry reported that Sands and the UBP received large payments, represented by Groves as "consulting fees," from the casino interests. Sands then permanent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bundesarchiv Bild 183-B1107-0043-016, Bahamas, Stafford Sands Und Dr
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Ministry Of Finance (Bahamas)
The Ministry of Finance is a government ministry of the Bahamas responsible for the care and management of public finances. The development and management of the annual government budget is a major aspect of the ministry's function. Since 1984, Prime Minister of the Bahamas has mostly held the portfolio of Minister of Finance. Ministers of Finance See also *Government of the Bahamas *Central Bank of the Bahamas *Economy of the Bahamas * Securities Commission of the Bahamas References Government of the Bahamas Government ministries of the Bahamas Economy of the Bahamas Bahamas The Bahamas (), officially the Commonwealth of The Bahamas, is an island country within the Lucayan Archipelago of the West Indies in the North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to 88% of the ar ... 1960s establishments in the Bahamas {{Bahamas-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bahamas
The Bahamas (), officially the Commonwealth of The Bahamas, is an island country within the Lucayan Archipelago of the West Indies in the Atlantic Ocean, North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to 88% of the archipelago's population. The archipelagic state consists of more than 3,000 islands, cays, and islets in the Atlantic Ocean, and is located north of Cuba and northwest of the island of Hispaniola (split between the Dominican Republic and Haiti) and the Turks and Caicos Islands, southeast of the U.S. state of Florida, and east of the Florida Keys. The capital is Nassau, Bahamas, Nassau on the island of New Providence. The Royal Bahamas Defence Force describes The Bahamas' territory as encompassing of ocean space. The Bahama Islands were inhabited by the Lucayan people, Lucayans, a branch of the Arawakan-Taino language, speaking Taíno, for many centuries. Christopher Columbus was the first European to see the islands, making hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tourism
Tourism is travel for pleasure or business; also the theory and practice of touring (other), touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tour (other), tours. The World Tourism Organization defines tourism more generally, in terms which go "beyond the common perception of tourism as being limited to holiday activity only", as people "travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure and not less than 24 hours, business and other purposes". Tourism can be Domestic tourism, domestic (within the traveller's own country) or International tourism, international, and international tourism has both incoming and outgoing implications on a country's balance of payments. Tourism numbers declined as a result of a strong economic slowdown (the late-2000s recession) between the second half of 2008 and the end of 2009, and in consequence of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wallace Groves
Wallace Groves (–30 January 1988) was a prominent financier, who, after his release from federal prison in 1944, moved to the Bahamas and there founded and operated the free trade zone, resort, and casino development Freeport, Bahamas, Freeport on Grand Bahama, Grand Bahama Island. Investigators of U.S. organized crime associate him with the Meyer Lansky syndicate operating offshore casinos from Miami Beach. These ties notwithstanding, he is credited with being a driving force in the development of the modern Economy of the Bahamas, Bahamian economy. Early career Born in (or around) 1901, Groves made an early career in complex financial transactions on Wall Street. Virginia-born, he reportedly came to New York from Baltimore, where he was a bond salesman. His obituary noted that "as a young, flashy, and successful investor, he was involved in several businesses and had controlling interests in several others, including the United Cigar Stores, United Cigar Store and the Whelan Dru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freeport, Bahamas
Freeport is a city, district and free trade zone on the island of Grand Bahama of the northwest Bahamas. In 1955, Wallace Groves, a Virginian financier with lumber interests in Grand Bahama, was granted of pineyard with substantial areas of swamp and scrubland by the Bahamian government with a mandate to economically develop the area. Freeport has grown to become the second most populous city in the Bahamas. The main airport serving the city is the Grand Bahama International Airport, which receives domestic flights from various islands of the Bahamas as well as several international flights from the United States and Canada. Freeport is also served by domestic Bahamian ferry services to other islands. The Grand Bahama Port Authority (GBPA) operates the free trade zone, under the Hawksbill Creek Agreement signed in August 1955 whereby the Bahamian government agreed that businesses in the Freeport area would pay no taxes before 1980, later extended to 2054. The area of the land ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Bahamian Party
The United Bahamian Party (UBP) was a major political party in the Bahamas in the 1950s and 1960s. Representing the interests of the white oligarchy known as the Bay Street Boys, it was the ruling party between 1958 and 1967.Dieter Nohlen (2005), ''Elections in the Americas: A data handbook, Volume I'', p. 73. It was led by Roland Theodore Symonette. History It was established in 1956 as the Christian Democratic Party to oppose the black-dominated Progressive Liberal Party, which had emerged as the largest party in the 1956 elections with six seats, although 22 MPs had been elected as independents. Following the 1958 general strike, it was renamed the United Bahamian Party.Plural Political Parties in the Bahamas - Pt. 2 ''The Nassau Guardian'',7 December 2015 [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bahamian Dollar
The dollar (sign: $; code: BSD) has been the currency of The Bahamas since 1966. It is normally abbreviated with the dollar sign ''$'', or alternatively B$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents. On 20 October 2020, the Bahamas became the first country to have a legal digital currency, introducing the ''Sand Dollar'' as an alternative to the traditional Bahamian dollar. Relationship with the US dollar The Bahamian dollar is pegged to the US dollar on a one-to-one basis. The Central Bank of The Bahamas states that it uses reserve requirements, changes in the Bank discount rate and selective credit controls, supplemented by moral suasion, as main instruments of monetary policy. The Central Bank's objective is to keep stable conditions, including credit, in order to maintain the parity between the US dollar and the Bahamian dollar while allowing economic development to proceed. Although the US dollar (as any other foreign curre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elizabeth II Of The United Kingdom
Elizabeth II (Elizabeth Alexandra Mary; 21 April 1926 – 8 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until her death in 2022. She was queen regnant of 32 sovereign states during her lifetime, and was head of state of 15 realms at the time of her death. Her reign of 70 years and 214 days was the longest of any British monarch and the longest verified reign of any female monarch in history. Elizabeth was born in Mayfair, London, as the first child of the Duke and Duchess of York (later King George VI and Queen Elizabeth The Queen Mother). Her father acceded to the throne in 1936 upon the abdication of his brother Edward VIII, making the ten-year-old Princess Elizabeth the heir presumptive. She was educated privately at home and began to undertake public duties during the Second World War, serving in the Auxiliary Territorial Service. In November 1947, she married Philip Mountbatten, a former prince of Gre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1913 Births
Events January * January 5 – First Balkan War: Battle of Lemnos – Greek admiral Pavlos Kountouriotis forces the Turkish fleet to retreat to its base within the Dardanelles, from which it will not venture for the rest of the war. * January 13 – Edward Carson founds the (first) Ulster Volunteer Force, by unifying several existing loyalist militias to resist home rule for Ireland. * January 23 – 1913 Ottoman coup d'état: Ismail Enver comes to power. * January – Stalin (whose first article using this name is published this month) travels to Vienna to carry out research. Until he leaves on February 16 the city is home simultaneously to him, Hitler, Trotsky and Tito alongside Berg, Freud and Jung and Ludwig and Paul Wittgenstein. February * February 1 – New York City's Grand Central Terminal, having been rebuilt, reopens as the world's largest railroad station. * February 3 – The 16th Amendment to the United S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1972 Deaths
Year 197 ( CXCVII) was a common year starting on Saturday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Magius and Rufinus (or, less frequently, year 950 '' Ab urbe condita''). The denomination 197 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * February 19 – Battle of Lugdunum: Emperor Septimius Severus defeats the self-proclaimed emperor Clodius Albinus at Lugdunum (modern Lyon). Albinus commits suicide; legionaries sack the town. * Septimius Severus returns to Rome and has about 30 of Albinus's supporters in the Senate executed. After his victory he declares himself the adopted son of the late Marcus Aurelius. * Septimius Severus forms new naval units, manning all the triremes in Italy with heavily armed troops for war in the East. His soldiers embark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
