Found just south of Cuba and to the north west of Jamaica, the grand cayman rental rank as being the 5th largest offshore banking centre on the planet. Because the 1960s these islands have grown to just about the most popular scuba-diving destinations in the World. They boast spectacular underwater walls, caverns and reefs. Despite as a British Overseas Territory, many of the tourists are Americans. It is actually only around 90 minutes flying time from Florida. Having its short flying time as well as English since the official language, plus a low crime rate, it can be no surprise that a large number of Americans have a Cayman Islands holiday annually.
Once you have blown off course while sailing between Panama and Hispaniola (the region shared by Haiti and the Dominican Republic) in 1503 Christopher Columbus accidentally discovered the smaller a couple of the three island that now constitute the Cayman Islands. Since there had been a high power of turtles on these islands, Columbus called them ‘Las Tortugas’, that is Spanish for turtle. Both of these islands have become 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 (relevant to crocodiles). The Islands became a part of 15dexrpky British Empire in 1670 beneath 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 decided to remain as a British Colony.
The old sea based industries such as fishing and working about merchant ships happen to be replaced by finance and tourism as being the major providers for that Cayman economy, with a lot of locals and expats employed in one or even the other.