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The state's name comes from a Spanish word meaning "red" or "ruddy",
the color of much of the state's terrain. Called the "Centennial
State", because it became the 38th state when the U.S. turned 100 in
1876, Colorado is most closely associated with the Rocky Mountains
and has numerous peaks over 14,000 feet. Prospectors discovered gold
in the middle of the last century, and the mining booms beginning in
the late 1850s spurred Colorado's initial growth. The state's
economy broadened when irrigated agriculture developed, and by the
late 19th century livestock raising had become important. Early
industry was based on the processing of minerals and agricultural
products. In the second half of the 20th century the industrial and
service sectors have expanded greatly. The state's economy is
diversified and is notable for its concentration of scientific
research and high-technology industries. Denver is an important
financial center.
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