Found just south of Cuba as well as the north west of Jamaica, the grand cayman island resorts rank as the 5th largest offshore banking centre on earth. Ever since the 1960s these islands have raised to one of the most popular scuba-diving destinations worldwide. They boast spectacular underwater walls, caverns and reefs. Despite becoming a British Overseas Territory, many of the tourists are Americans. It is actually only around 90 minutes flying time from Florida. Using its short flying efforts and English as the official language, plus a low crime rate, it is no surprise that a large number of Americans possess a Cayman Islands holiday each year.
After getting blown off course while sailing between Panama and Hispaniola (the island shared by Haiti as well as the Dominican Republic) in 1503 Christopher Columbus accidentally discovered small 2 of the three island that now make up the Cayman Islands. As there was really a high power of turtles on these islands, Columbus called them ‘Las Tortugas’, that is Spanish for turtle. Those two islands are referred to as Cayman Brac and Little Cayman.
The name didn’t last as when Sir Francis Drake sailed through, he renamed them after another animal, the now extinct caimans (associated with crocodiles). The Islands became a part of 15dexrpky British Empire in 1670 under the Treaty of Madrid. The Cayman Islands where then governed being a Jamaican dependency until 1962 when Jamaica became a completely independent country. The Cayman Islands made a decision to remain as a British Colony.
That old sea based industries such as fishing and working about merchant ships have been replaced by finance and tourism as being the major providers for your Cayman economy, with most locals and expats operating in one or the other.