Cayman Islands History

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History

England took formal control of the Cayman Islands, along with Jamaica, as a result of the Treaty of Madrid of 1670. Following several unsuccessful attempts at settlement, a permanent English-speaking population in the islands dates from the 1730s. With settlement, after the first royal land grant by the Governor of Jamaica in 1734, came the perceived need for slaves. Many were brought to the islands from Africa and this is evident today with the majority of native Caymanians being of African and English descent. On 8 February 1794, the Caymanians rescued the crews of a group of ten merchant ships, including HMS Convert, an incident that has since become known as the Wreck of the Ten Sail. The ships had struck a reef and run aground during rough seas.

The islands continued to be governed as part of the Colony of Jamaica until 1962, when they became a separate Crown colony while Jamaica became an independent Commonwealth realm. The Cayman Islands historically has been a tax-exempt destination. The government of the Cayman Islands has always relied on indirect and not direct taxes. The territory has never levied income tax, capital gains tax, or any wealth tax, making them a popular tax haven.

Due to the tropical location of the islands, more hurricanes or tropical systems have affected the Cayman Islands than any other region in the Atlantic basin. It has been brushed or directly hit, on average, every 2.23 years.
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Timeline

1670 - England took formal control of the Cayman Islands, along with Jamaica, as a result of the Treaty of Madrid
1730 - A permanent English-speaking population in the islands following several unsuccessful attempts at settlement
1794 - The Caymanians rescued the crews of a group of ten merchant ships, including HMS Convert, an incident that has since become known as the Wreck of the Ten Sail
1833 - Slavery was abolished in the Cayman Islands

References