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The state's sovereignty was officially recognized by the Franco-Monegasque Treaty of 1861, with Monaco becoming a full United Nations voting member in 1993.
Despite Monaco's independence and separate foreign policy, its defense is the responsibility of France.
The highest point in the country is a narrow pathway named Chemin des Révoires on the slopes of Mont Agel, in the Les Révoires Ward, which is 161 metres (528 feet) above sea level.
Monaco's most populous Quartier is Monte Carlo and the most populous Ward is Larvotto/Bas Moulins.
Since then, Monaco's mild climate, scenery, and gambling facilities have contributed to the principality's status as a tourist destination and recreation center for the rich.
An ousted branch of a Genoese family, the Grimaldi, contested it for a hundred years before actually gaining control.However, Monaco does maintain two small military units.Economic development was spurred in the late 19th century with the opening of the country's first casino, Monte Carlo, and a railway connection to Paris.The state has no income tax, low business taxes, and is well known for being a tax haven.It is also the host of the annual street circuit motor race Monaco Grand Prix, one of the original Grands Prix of Formula One.
Though the Republic of Genoa would last until the 19th century, they allowed the Grimaldi family to keep Monaco, and, likewise, both France and Spain left it alone for hundreds of years.