Changes

==Economy==

==Economy==

The Liberian economy relied heavily on the mining of iron ore and on the export of natural rubber prior to the civil war. Liberia was a major exporter of iron ore on the world market. In the 1970s and 1980s, iron mining accounted for more than half of Liberia's export earnings. Following the coup d'etat of 1980, the country's economic growth rate slowed down because of a decline in the demand for iron ore on the world market and political upheavals in Liberia. Liberia's foreign debt amounts to about $3.7 billion. Efforts are currently underway to relieve Liberia of its bilateral and multilateral debts. Some bilateral creditors, including the United States, have pledged debt relief, and discussions of Liberia's arrears are underway at the international financial institutions (World Bank, International Monetary Fund, African Development Bank).

The Liberian economy relied heavily on the mining of iron ore and on the export of natural rubber prior to the civil war. Liberia was a major exporter of iron ore on the world market. In the 1970s and 1980s, iron mining accounted for more than half of Liberia's export earnings. Following the coup d'état of 1980, the country's economic growth rate slowed down because of a decline in the demand for iron ore on the world market and political upheavals in Liberia. Liberia's foreign debt amounts to about $3.7 billion. Efforts are currently underway to relieve Liberia of its bilateral and multilateral debts. Some bilateral creditors, including the United States, have pledged debt relief, and discussions of Liberia's arrears are underway at the international financial institutions (World Bank, International Monetary Fund, African Development Bank).

The 1989-2003 civil war had a devastating effect on the country's economy. Most major businesses were destroyed or heavily damaged, and most foreign investors and businesses left the country. Iron ore production stopped completely, and the United Nations banned timber and diamond exports from Liberia. UN sanctions on Liberian timber were removed in 2006; however, activity in the timber sector has not yet resumed on a large scale. Diamond sanctions were terminated by the UN Security Council on April 27, 2007 in Resolution 1753. Liberian diamond exports will be certified through the Kimberley Process Certification Scheme.

The 1989-2003 civil war had a devastating effect on the country's economy. Most major businesses were destroyed or heavily damaged, and most foreign investors and businesses left the country. Iron ore production stopped completely, and the United Nations banned timber and diamond exports from Liberia. UN sanctions on Liberian timber were removed in 2006; however, activity in the timber sector has not yet resumed on a large scale. Diamond sanctions were terminated by the UN Security Council on April 27, 2007 in Resolution 1753. Liberian diamond exports will be certified through the Kimberley Process Certification Scheme.

Thousands of freed American slaves and free African-Americans arrived during the following years, leading to the formation of more settlements and culminating in a declaration of independence of the Republic of Liberia on July 26, 1847. The drive to resettle freed slaves in Africa was promoted by the American Colonization Society (ACS), an organization of white clergymen, abolitionists, and slave owners founded in 1816 by Robert Finley, a Presbyterian minister. Between 1821 and 1867 the ACS resettled some 10,000 African-Americans and several thousand Africans from interdicted slave ships; it governed the Commonwealth of Liberia until independence in 1847.  

Thousands of freed American slaves and free African-Americans arrived during the following years, leading to the formation of more settlements and culminating in a declaration of independence of the Republic of Liberia on July 26, 1847. The drive to resettle freed slaves in Africa was promoted by the American Colonization Society (ACS), an organization of white clergymen, abolitionists, and slave owners founded in 1816 by Robert Finley, a Presbyterian minister. Between 1821 and 1867 the ACS resettled some 10,000 African-Americans and several thousand Africans from interdicted slave ships; it governed the Commonwealth of Liberia until independence in 1847.  

In Liberia's early years, the Americo-Liberian settlers periodically encountered stiff and sometimes violent opposition from indigenous Africans, who were excluded from citizenship in the new Republic until 1904. At the same time, British and French colonial expansionists encroached upon Liberia, taking over much of its territory. Politically, the country was a one-party state ruled by the True Whig Party (TWP). Joseph Jenkins Roberts, who was born and raised in America, was Liberia's first President. The style of government and constitution was fashioned on that of the United States, and the Americo-Liberian elite monopolized political power and restricted the voting rights of the indigenous population. The True Whig Party dominated all sectors of Liberia from independence in 1847 until April 12, 1980, when indigenous Liberian Master Sergeant Samuel K. Doe (from the Krahn ethnic group) seized power in a coup d'etat. Doe's forces executed President William R. Tolbert and several officials of his government, mostly of Americo-Liberian descent. One hundred and thirty-three years of Americo-Liberian political domination ended with the formation of the People's Redemption Council (PRC).  

In Liberia's early years, the Americo-Liberian settlers periodically encountered stiff and sometimes violent opposition from indigenous Africans, who were excluded from citizenship in the new Republic until 1904. At the same time, British and French colonial expansionists encroached upon Liberia, taking over much of its territory. Politically, the country was a one-party state ruled by the True Whig Party (TWP). Joseph Jenkins Roberts, who was born and raised in America, was Liberia's first President. The style of government and constitution was fashioned on that of the United States, and the Americo-Liberian elite monopolized political power and restricted the voting rights of the indigenous population. The True Whig Party dominated all sectors of Liberia from independence in 1847 until April 12, 1980, when indigenous Liberian Master Sergeant Samuel K. Doe (from the Krahn ethnic group) seized power in a coup d'état. Doe's forces executed President William R. Tolbert and several officials of his government, mostly of Americo-Liberian descent. One hundred and thirty-three years of Americo-Liberian political domination ended with the formation of the People's Redemption Council (PRC).  

Over time, the Doe government began promoting members of Doe's Krahn ethnic group, who soon dominated political and military life in Liberia. This raised ethnic tension and caused frequent hostilities between the politically and militarily dominant Krahns and other ethnic groups in the country.  

Over time, the Doe government began promoting members of Doe's Krahn ethnic group, who soon dominated political and military life in Liberia. This raised ethnic tension and caused frequent hostilities between the politically and militarily dominant Krahns and other ethnic groups in the country.