Background:
Explored and claimed by Columbus on his first voyage in 1492, the
island of Hispaniola became a springboard for Spanish conquest of
the Caribbean and the American mainland. In 1697, Spain recognized
French dominion over the western third of the island, which in 1804
became Haiti. The remainder of the island, by then known as Santo
Domingo, sought to gain its own independence in 1821, but was
conquered and ruled by the Haitians for 22 years; it finally
attained independence as the Dominican Republic in 1844. A legacy of
unsettled, mostly non-representative, rule for much of its
subsequent history was brought to an end in 1966 when Joaquin
BALAGUER became president. He maintained a tight grip on power for
most of the next 30 years when international reaction to flawed
elections forced him to curtail his term in 1996. Since then,
regular competitive elections have been held in which opposition
candidates have won the presidency. The Dominican economy has had
one of the fastest growth rates in the hemisphere over the past
decade.