Economy of Nevada

Economy Of Nevada

Nevada (i/nəˈvædə/) is a state in the western, mountain west, and southwestern regions of the United States. Nevada is the 7th most extensive, the 35th most populous, and the 9th least densely populated of the 50 United States. Over two-thirds of Nevada's people live in one single county, Clark County, which contains the Las Vegas–Paradise metropolitan area, where the state's three largest incorporated cities are located. Nevada's capital is Carson City. Nevada is officially known as the "Silver State" due to the importance of silver to its history and economy. It is also known as the "Battle Born State" because it achieved statehood during the Civil War and the "Sagebrush State" for the native eponymous plant.

Nevada is largely desert and semiarid, with much of it located within the Great Basin. Areas south of the Great Basin are located within the Mojave Desert, while Lake Tahoe and the Sierra Nevada mountains lie on the western edge. Approximately 86% of the state's land is owned by various jurisdictions of the U.S. federal government, both civilian and military.

The name Nevada is derived from the nearby Sierra Nevada mountains, which means "snow-capped mountain range" in Spanish. The land comprising the modern state was inhabited by Native Americans of the Paiute, Shoshone, and Washoe tribes prior to European contact. It was subsequently claimed by Spain as a part of Alta California until the Mexican War of Independence brought it under Mexican control. The United States gained the territory in 1848 following its victory in the Mexican-American War and the area was eventually incorporated as part of Utah Territory in 1850. The discovery of silver at the Comstock Lode in 1859 led to a population boom that was an impetus to the creation of Nevada Territory out of western Utah Territory in 1861. Nevada became the 36th state on October 31, 1864.

The establishment of legalized gambling and lenient marriage and divorce proceedings in the 20th century transformed Nevada into a major tourist destination. The tourism industry remains Nevada's largest employer, with mining continuing to be a substantial sector of the economy as Nevada is the fourth largest producer of gold in the world.