answersLogoWhite

0

Columbus landed on Antigua in 1493. The British colonized it in 1632. The British associated state of Antigua achieved independence as Antigua and Barbuda on November 1, 1981. The government maintains close relations with the United States, the UK, and Venezuela. Tourism, which accounts for more than 50% of GDP, was hit hard by the worldwide recession in 2008-09. The economy suffered a further blow when Robert Allen Stanford, a Texas businessman, was charged by U.S. authorities Febuary 17,2009, with employing his Antigua-based Stanford International Bank to carry out a fraudulent 8 billion-dollar investment scheme.

User Avatar

Wiki User

15y ago

What else can I help you with?