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Nicaragua is a constitutional democracy with executive, legislative, judicial, and electoral branches of government. In 1995, the executive and legislative branches negotiated a reform of the 1987 Sandinista constitution, which gave impressive new powers and independence to the legislature--the National Assembly--including permitting the Assembly to...
Nicaragua began free market reforms in 1991 after 12 years of economic free-fall under the Sandinista regime. Despite some setbacks, it has made dramatic progress: privatizing more than 350 state enterprises, reducing inflation from 13,500% to 5.3%, and cutting the foreign debt in half. The economy began expanding in 1994 and grew 2.5% in 2001, with...
Nicaragua has rich cultural traditions that reflect long-standing, sharp class and ethnic cleavages. The elite, #8220;professional #8221; tradition was exemplified in the late 19th and early 20th centuries by the literary works of Rub eacute;n Dar iacute;o, known as the #8220;prince of Spanish-American poetry. #8221; The folk traditions were expressed...
Nicaragua takes its name from Nicarao, chief of the indigenous tribe then living around present-day Lake Nicaragua. In 1524, Hernandez de Cordoba founded the first Spanish permanent settlements in the region, including two of Nicaragua's two principal towns: Granada on Lake Nicaragua and Leon east of Lake Managua. Nicaragua gained independence from...
Location: Middle America, bordering both the Caribbean Sea and the North Pacific Ocean, between Costa Rica and Honduras Map references: Central America and the Caribbean Area: total area: 129,494 sq km land area: 120,254 sq km comparative area: slightly larger than New York State Land boundaries: total 1,231 km, Costa Rica 309 km, Honduras 922 km Coastline:...
Most Nicaraguans are of both European and Indian ancestry, and the culture of the country reflects the Ibero-European and Indian heritage of its people. Only the Indians of the eastern half of the country remain ethnically distinct and retain tribal customs and languages. A large black minority, of Jamaican origin, is concentrated on the Caribbean coast....
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