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Background First colonized by the Spanish, the islands came under British control in the early 19th century. The islands' sugar industry was hurt by the emancipation of the slaves in 1834. Manpower was replaced with the importation of contract laborers from India between 1845 and 1917, which boosted sugar production as well as the cocoa industry. The discovery of oil on Trinidad in 1910 added another important export. Independence was attained in 1962. The country is one of the most prosperous in the Caribbean thanks largely to petroleum and natural gas production and processing. Tourism, mostly in Tobago, is targeted for expansion and is growing. The government is coping with a rise in violent crime. Population 1,228,691 (July 2010 est.) Government type 9 regional corporations, 2 city corporations, 3 borough corporations, 1 ward Administrative divisions parliamentary democracy Independence Independence Day, 31 August (1962) International organization participation red with a white-edged black diagonal band from the upper hoist side to the lower fly side Economy - overview Market value of publicly traded shares petroleum and petroleum products, liquefied natural gas (LNG), methanol, ammonia, urea, steel products, beverages, food processing, cement, cotton textiles Agriculture - products -5% (2009 est.) Industries 7.202 billion kWh (2007 est.) Industrial production growth rate 7.034 billion kWh (2007 est.) Electricity - production 0 kWh (2008 est.) Oil - production 248,300 bbl/day (2007 est.) Internet country code 227,000 (2008)