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smallbutlazy t1_j83gih6 wrote

Nauru became self-governing in January 1966, and following a two-year constitutional convention, it became independent on 31 January 1968 under founding president Hammer DeRoburt.[64] In 1967, the people of Nauru purchased the assets of the British Phosphate Commissioners, and in June 1970 control passed to the locally-owned Nauru Phosphate Corporation (NPC).[37] Income from the mines made Nauruans among the richest people in the world.[65][66] In 1989, Nauru took legal action against Australia in the International Court of Justice over Australia's administration of the island, in particular, Australia's failure to remedy the environmental damage caused by phosphate mining. Certain Phosphate Lands: Nauru v. Australia led to an out-of-court settlement to rehabilitate the mined-out areas of Nauru.[53][67]

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Apellosine t1_j83t6cb wrote

Citizens being among the richest in the world does not make a country "One of the wealthiest in the world" when their population is incredibly small.

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Xydraus t1_j8529fh wrote

That says richest people, but that doesn't say the country as the whole was one of the wealthiest - and given everything I've been reading about their low population I have a hard time imagining the nation itself had a comparable economy to major nations in the late 1960s.

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