
After the Communist Party took power in Feb. 1948, Slovakia was subjected to a centralized Czech-dominated government, and antagonism between the two republics developed. In Jan. 1969, the nation became the Slovak Socialist Republic of Czechoslovakia.
Nearly 42 years of Communist rule for Slovakia ended when Vaclav Havel became president of Czechoslovakia in 1989 and democratic political reform began. The Republic of Slovakia came into existence on Jan. 1, 1993. Unemployment in Slovakia runs at around 14% with the average income per person at approximately $3,410.