Armenian Flag

The colors in the Armenian flag are:
-) Gold, which represents the wheat of the land, because Armenia has a long history as a prosperous and bountiful agricultural society.
-) Blue, for the sky, which I'm guessing represents hopes & dreams, this one I didn't get explained specifically.
-) And Red, for the Armenian Genocide at the end of the First World War. The genocide is a VERY controvertial topic, it was perpetrated by the Turks, but Turkey today still disputes the facts of the matter bitterly with Armenia (they say it was due to the chaos of war, that it wasn't a directed campaign of extermination, and that the numbers have been exaggerated.) I won't get into it all here, but suffice to say that hundreds of thousands of Armenian lives were lost during that period of time, and the country has never forgotten it.
Incidently, this also means the flag was not used until after 1918, Armenia has a crest that is much older that sometimes appears on the flag when one sees it in Armenian homes, to represent the country's long history.