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Ruled by the infamous House of Grimaldi and known by many as the glamorous gem of the French Riviera, Monaco has not always been a country of fashion and fame. With a rocky history dating back hundreds of years, we have seen Monaco booming with wealth one year and suffering from hardship the next time after time again. Starting as just a little region with a big rock along the Mediterranean Sea, Monaco now has the oldest dynasty in Europe with a royal family full of passionate philanthropists that we will continue to see flourish for years to come.
In its early days Monaco was sought after because The Rock offered protection and shelter. Invading the Phocaeans, the Romans were the next group to take rule of Monaco. The Genoese constructed a fortress atop The Rock. Monaco was a very small and isolated region, and during the Renaissance, focus was put on creating trade relationships with Genoa and France. Being reliant on maritime trade and with vulnerability to its larger neighbors, Monaco faced financial hardships during the 17th and 18th centuries.
After many years of trial and error, the casino started to bring profit and fame to the country in The 20th century brought high highs and low lows. In the early s, the Monte Carlo Casino took off, bringing in wealthy foreigners and creating a surge in tourism.
Crisis hit with World War One, and while Monaco remained neutral, there was a significant negative impact on the country. It brought an economic crisis and many families faced food shortages. After WWI, Monaco built itself up again. With more and more tourists coming to see Monaco for themselves, the economy started booming and Monaco became the tax haven it is today.