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Significant oil reserves were discovered in Libya in 1959. They went from being dependent on International AID to gaining great independent wealth. On November of 1949, The UN general assembly voted that Libya should become a United and Independent Kingdom. The Phoenician were the first to established trading posts in Libya.

Based on the so-called Arab Spring, there was a regime change in Libya, and there remains the question of how strong terrorism groups may be. Some may say the there is a good degree of political and social instability in Libya now.

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8y ago

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