History of the North Sea intense diplomatic crisis. The crisis was defused when Russia was defeated by the Japanese and agreed to pay compensation to the fishermen. During the First World War, Great Britain's Grand Fleet based at Scapa Flow and Germany's Kaiserliche Marine faced each other across the North Sea. Due to its numerical advantage in dreadnoughts, the Grand Fleet obtained Naval superiority and was able to establish a sea blockade of Germany's coast. The goal of the blockade was to deny Germany access to maritime trade including war materials and to guarantee the undisturbed ferrying of British troops. Because of the strong defensive
Economy of the British Virgin Islands Economy of the British Virgin Islands The economy of the British Virgin Islands is one of the most prosperous in the Caribbean. Although tiny in absolute terms, because of the very small population of the British Virgin Islands, in 2010 the Territory had the 19th highest GDP per capita in the world according to the CIA World factbook. In global terms the size of the Territory's GDP measured in terms of purchasing power is ranked as 215th out of a total of 229 countries. The economy of the Territory is based upon the "twin pillars" of financial services, which generates