Antigua and Barbuda: History
Christopher Columbus visits the islands, naming the larger one Antigua.
Antigua is colonized by English Settlers from the nearby island of St. Kitts.
African slaves are brought to the islands to grow tobacco and sugarcane.
Antigua and Barbuda are administered together as part of the Leeward Islands federation.
Antigua and Barbuda becomes a self-governing state within the British Commonwealth. Britain retains control of the island’s defense and foreign affairs.
The sugar industry closed down, after being the main economic driver in the economy for over 50 years.
Antigua and Barbuda becomes independent.
Hurricane Luis devastates the islands, destroying 75% of all homes and setting back development by 10 years.
Six Russian banks are shut down after accusations of money laundering.
Allen Stanford, Antigua’s biggest private investor, is charged with massive fraud. This causes the business sector in the country to fall apart, prompting Venezuela to give $50 million in financial aid. A United States court convicted Stanford three years later for running a $7 billion Ponzi scheme through his Antigua based bank.