Geography · 2
What natural resource funded Nauru's wealth before poor investments like the musical 'Leonardo's Dream' helped bankrupt the country?
Answer
Phosphate
Nauru's economy was built almost entirely on phosphate rock mining, which briefly made it one of the wealthiest nations per capita before the reserves depleted and reckless spending, including the failed musical, drained its funds.
💡 Did you know?
Nauru, a Pacific island nation, nearly went bankrupt after investing its phosphate wealth in a Australian musical 'Leonardo's Dream'—the show flopped immediately.
Other options people guess
- Bauxite
- Copper
- Nickel
Topics
- pacific-islands
- nauru
- natural-resources
- economics
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