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Background The Genoese built a fortress on the site of present day Monaco in 1215. The current ruling Grimaldi family first seized temporary control in 1297, and again in 1331, but were not able to permanently secure their holding until 1419. 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. Population 30,586 (July 2010 est.) Government type none; there are no first-order administrative divisions as defined by the US Government, but there are four quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo Administrative divisions constitutional monarchy Independence National Day (Saint Rainier's Day), 19 November (1857) International organization participation two equal horizontal bands of red (top) and white; the colors are those of the ruling House of Grimaldi and have been in use since 1339, making the flag one of the world's oldest national banners Economy - overview Market value of publicly traded shares tourism, construction, small-scale industrial and consumer products Agriculture - products NA% Industries Industrial production growth rate NA kWh Electricity - production Internet country code 22,000 (2008) WebCam