Falkland Islands the Falkland Islands Government, remains controversial as a result of maritime disputes with Argentina. The name "Falkland Islands" comes from Falkland Sound, the strait that separates the two main islands. The name "Falkland" was applied to the channel by John Strong, captain of an English expedition which landed on the islands in 1690. Strong named the strait in honour of Anthony Cary, 5th Viscount of Falkland, the Treasurer of the Navy who sponsored his journey. The Viscount's title originates from the town of Falkland, Scotland—the town's name likely comes from a Gaelic term referring to an "enclosure" ("lann"), but it
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