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Background During the 17th century, the archipelago was divided into two territorial units, one English and the other Danish. Sugarcane, produced by slave labor, drove the islands' economy during the 18th and early 19th centuries. In 1917, the US purchased the Danish portion, which had been in economic decline since the abolition of slavery in 1848. Population 109,775 (July 2010 est.) Government type none (territory of the US); there are no first-order administrative divisions as defined by the US Government, but there are three islands at the second order; Saint Croix, Saint John, Saint Thomas Administrative divisions NA Independence Transfer Day (from Denmark to the US), 31 March (1917) International organization participation white field with a modified US coat of arms in the center between the large blue initials V and I; the coat of arms shows a yellow eagle holding an olive branch in its right talon and three arrows in the left with a superimposed shield of seven red and six white vertical stripes below a blue panel Economy - overview Market value of publicly traded shares tourism, petroleum refining, watch assembly, rum distilling, construction, pharmaceuticals, textiles, electronics Agriculture - products NA% Industries 776.4 million kWh (2007 est.) Industrial production growth rate 722 million kWh (2007 est.) Electricity - production 0 kWh (2008 est.) Internet country code 30,000 (2008)