Falkland Islands sovereignty dispute Falkland Islands sovereignty dispute Sovereignty over the Falkland Islands () is disputed by Argentina and the United Kingdom. The British claim to sovereignty dates from 1690, and the United Kingdom has exercised "de facto" sovereignty over the archipelago almost continuously since 1833. Argentina has long disputed this claim, having been in control of the islands for a few years prior to 1833. The dispute escalated in 1982, when Argentina invaded the islands, precipitating the Falklands War. Contemporary Falkland Islanders overwhelmingly prefer to remain British. They gained full British citizenship with the British Nationality (Falkland Islands) Act 1983, after British victory
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