National holiday Constitution Day, 10 May 1979 Constitution 10 May 1979
In 1979, the Federated States of Micronesia, a UN Trust Territory under US administration, adopted a constitution. On 3 November, 1986, independence was attained under a Compact of Free Association with the US; economic provisions of the Compact are being renegotiated. Previously, the area had been colonized by the Japanese, the Germans, and the Spanish
Independence 3 November, 1986 from the US-administered UN Trusteeship
Present concerns include large-scale unemployment, overfishing, and overdependence on US aid.