Puerto Rico has been a US territory since 1898 when it was acquired from Spain. In 1920 the United States imposed the Merchant Marine Act (also known as Jones Act) which required any import (foreign food, goods, etc.) to enter the island in an American vessel. While foreign may directly enter the island, they must pay many import taxes which end
"Puerto Rico Prepares for Luxury Shopping Amid Recession"
The Mall of San Juan pictured below on September 16, 2014 with the Ernesto Ramos Antonini housing project directly behind it.
On March 26, 2015 The Mall of San Juan opened its doors in San Juan, Puerto Rico. The island which is a commonwealth of the United States is facing the worst economic recession in its history. The current public debt in the island territory is $73 billion and unemployment rate is 15.4%. Puerto Rico bonds were als
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