• Liberia becomes independent from the American Colonization Society.

  • Firestone Tyre and Rubber Company opens rubber plantation on land granted by government. Rubber production becomes the backbone of the economy.

  • The Liberian government is given aid by the Soviet Union.

  • Liberia signs a trade agreement with the European Economic Community.

  • The Economic Community of West African States (Ecowas) sends a peacekeeping force to calm the uprisings that have been occurring in the past few years due to political tensions.

  • The UN Security Council lifts its ban on Liberian diamond exports, which took place in 2001.

  • The IMF and the World Bank devise a plan that will relieve Liberia of its heavy debt burden.


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