The Bahamas stands out among the Commonwealth Caribbean nations because of its relative wealth and prosperity, political stability, and close proximity to the United States. Bahamas History and Culture Information and Travel Guide. Vacation package Book. The Bahamas also bears the distinction of being the first of the Caribbean islands discovered by Columbus in 1492, Find out more on Bahamas, and its Economy, government, People, Tourism and more the entire history of Bahamas, from its creation.