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On March 3, 1845, Florida became the 27th state of the United States of America. Its first governor was William Dunn Moseley, a descendant English immigrants William and Susannah Moseley, who settled in Lower Norfolk County, Virginia, in 1649. Generations of Moseleys had gradually migrated down the Southeastern coast.

Tourism makes up the largest sector of the state economy. Warm weather and hundreds of miles of beaches attract about 60 million visitors to the state every year. Amusement parks, especially in the Orlando area, make up a significant portion of tourism. The Walt Disney World Resort is the largest vacation resort in the world, consisting of four theme parks and more than 20 hotels in Lake Buena Vista, Florida; it, and Universal Orlando Resort, Busch Gardens, SeaWorld, and other major parks drive state tourism. Many beach towns are also popular tourist destinations, particularly in the winter months.

The second largest industry is agriculture. Citrus fruit, especially oranges, are a major part of the economy, and Florida produces the majority of citrus fruit grown in the U.S. - in 2006 67 percent of all citrus, 74 percent of oranges, 58 percent of tangerines, and 54 percent of grapefruit. About 95 percent of commercial orange production in the state is destined for processing (mostly as orange juice, the official state beverage). Citrus canker continues to be an issue of concern. Other products include sugarcane, strawberries, tomatoes and celery. The Everglades Agricultural Area is a major center for agriculture. The environmental impact of agriculture - especially water pollution - is a major issue in Florida today.

Phosphate mining, concentrated in the Bone Valley, is the state's third-largest industry. The state produces about 75 percent of the phosphate required by farmers in the United States and 25 percent of the world supply, with about 95 percent used for agriculture (90 percent for fertilizer and 5 percent for livestock feed supplements) and 5 percent used for other products.

Since the arrival of the NASA Merritt Island launch sites on Cape Canaveral (most notably Kennedy Space Center) in 1962, Florida has developed a sizable aerospace industry.

In addition, the state has seen a recent boom in medical and bio-tech industries throughout its major metropolitan areas. Orlando was recently chosen as the official site for the new headquarters of the Burnham Institute, a major bio-tech and medical research company.