|geographic coordinates:||43 44 N, 7 25 E|
|time difference:||UTC + 1|
|daylight saving time:||+1hr, begins last Sunday in March; ends last Sunday in October|
The Genoese built a fortress on the site of present-day Monaco in 1215. The current ruling Grimaldi family secured control in the late 13th century, and a principality was established in 1338. Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center.