Monaco |  |
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Monaco | |
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| capital: | Monaco |
| 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 |
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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. |