What did the government report as the mainstay of the Cayman economy in the 1950s?

What did the government report as the mainstay of the Cayman economy in the 1950s?

• A. Tourism
• B. Remittances from Seamen
• C. Agriculture
• D. Construction

Answer: (B)

During the 1950s, the government reported that remittances from seamen were the mainstay of the Cayman economy. This reflects the historical context of the islands, where many men from the Cayman Islands worked on merchant ships and cruise lines, sending back money to support their families and communities. This influx of remittances was crucial for the local economy, as it provided families with financial support and contributed to the overall economic stability of the islands at the time. While tourism, agriculture, and construction have become significant economic drivers in later decades, during the 1950s, the reliance on seafaring work and the resulting remittances was a defining characteristic of the Cayman Islands' economy. The other choices represent areas of economic activity that gained prominence after this period.

During the 1950s, the government reported that remittances from seamen were the mainstay of the Cayman economy. This reflects the historical context of the islands, where many men from the Cayman Islands worked on merchant ships and cruise lines, sending back money to support their families and communities. This influx of remittances was crucial for the local economy, as it provided families with financial support and contributed to the overall economic stability of the islands at the time.

While tourism, agriculture, and construction have become significant economic drivers in later decades, during the 1950s, the reliance on seafaring work and the resulting remittances was a defining characteristic of the Cayman Islands' economy. The other choices represent areas of economic activity that gained prominence after this period.