Connecticut has 3.4 million residents, making it the 29th most populated state in the United States, but it is one of the smallest, ranking 48th of 50 in total area. The southern edge of Connecticut borders the Long Island Sound, gateway to the Atlantic Ocean, making Connecticut strongly maritime in its nature. During the 18th and 19th centuries Connecticut was able to develop a powerful manufacturing industry due to its easy access to raw materials, and therefore it is now an affluent state. Financial organizations grew steadily with many insurance companies establishing themselves in Hartford. Subsequently hedge funds began to grow, especially in Fairfield County. Because of these industries Connecticut has the highest per capital income, Human Development Index and median household income in all of the United States. Hartford, Bridgeport and New Haven are Connecticut’s largest cities.

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