Monaco history reveals that following its status as an independent state for a time span of as many as 800 years, Monaco was captured by France in1793. In the year 1815 Monaco came under Sardinia. Later came the Franco- Monegasque treaty in 1861 by which Monaco though enjoyed an independent status came under French control. Another treaty was entered upon in 1918 which had within it a condition that in the occasion of the end of the male Grimaldi dynasty, Monaco would earn for itself autonomy but would continue to be under the protection of France.
Prince Rainier 111 ascended the throne in the year 1949 following the death of his grandfather, Louis 11. In 1962 there arose a dispute between France and Monaco concerning taxes. However, soon by virtue of an understanding between the two countries it was decided that French citizen's who had been in Monaco for less than five years would be taxed at French rates. Also, Monegasque companies who had been engaged in conducting more than 25% of their business outside the Principality were taxed.
In the year 1993 Monaco became a member of the United Nations. The year 2002 saw further changes being made in the constitution in order to make sure that the Grimaldi's continue to hold the throne even if Crown Prince Albert had no heir.
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