the economy was REALLY great because they found 5,000 tons of gold under their islands! histalania was 4 islands between Asia and Australia.In 1440, they discovered magic and changed their flag:
however, in 1880, a civil war broke out. there were now two different countries, the rebel Markalia, and Histalania. Markalia won the war so they got half of the land and became an independent country. markalia used the monarch flag for their national flag. In 1900, histalania found out about communism and was greatly interested by it. so their flag changed from the wand flag to the wand communist flag(communist symbol on top left) and became a communist. 
and now we're here at present day. THE END.