Republic of Minerva

The Republic of Minerva was a micronation consisting of the Minerva Reefs. It was one of the few modern attempts at creating a sovereign micronation on the reclaimed land of an artificial island in 1972. The architect was Las Vegas real estate millionaire and political activist Michael Oliver, who went on to other similar attempts in the following decade. Lithuanian-born Oliver formed a syndicate, the Ocean Life Research Foundation, which had considerable finances for the project and had offices in New York and London. They anticipated a libertarian society with "no taxation, welfare, subsidies, or any form of economic interventionism." In addition to tourism and fishing, the economy of the new nation would include light industry and other commerce.

Inception

January 19, 1972