Falkland Islands English when British forces removed 26 Argentinian soldiers from the islands and claimed the islands for the British. In 1845, the Capital city of Stanley, located on East Falkland, was established. Argentina also has a claim to the islands, and in 1982, Argentine forces invaded the Falkland Islands. The British moved to defend the British control of the Islands, with Prime Minister Margaret Thatcher calling the Islanders "of British tradition and stock". In under three months, nearly a thousand people were killed, and over 2,000 were injured. British-Argentinian tension regarding claim to the Islands still exists, but as over 98% of
Economy of the Falkland Islands Economy of the Falkland Islands The economy of the Falkland Islands, which first involved sealing, whaling and provisioning ships, became heavily dependent on sheep farming from the 1870s to 1980. It then diversified and now has income from tourism, commercial fishing, and servicing the fishing industry as well as agriculture. The islands use the Falkland pound, which is backed by sterling. During the 19th century, the supply and maintenance depot for ships at Stanley developed into a port serving ships rounding Cape Horn. There was also trade in cow hides from the wild descendants of cattle introduced by French settlers