Independent Commonwealth of the Bahamas
Who & why: internal self-government arrives with a new 1964 constitution, and in 1969 the territory formally renames itself from the "Colony of the Bahama Islands" to simply "The Bahamas." Full independence within the Commonwealth follows on 10 July 1973, marked with the lowering of the Union Flag and the raising of a newly designed national flag over Clifford Park in Nassau.
What it represents: the two aquamarine bands stand for the sea surrounding the islands, the gold band for the sun and the sand, and the black hoist triangle for the unity and strength of the Bahamian people drawing energy from land and sea alike.