Canary Islands La Gomera taking 1000 captives to be sold as slaves. Another noteworthy attack occurred in 1797, when Santa Cruz de Tenerife was attacked by a British fleet under Horatio Nelson on 25 July. The British were repulsed, losing almost 400 men. It was during this battle that Nelson lost his right arm. The sugar-based economy of the islands faced stiff competition from Spain's American colonies. Low prices in the sugar market in the 19th century caused severe recessions on the islands. A new cash crop, cochineal ("cochinilla"), came into cultivation during this time, saving the islands' economy. During this time
Faroe Islands and the European Union were to join the EU as is, they might vanish inside the EU, sharing this with the situation of the Shetland Islands and Åland today, and wants the local government to solve the political situation between the Faroes and Denmark first. A major concern is also fishing, which accounts for 90 percent of Faroese exports. As such a large part of their economy, the islands do not want decisions on it being made so far away as they would have so little say in the EU due to their small population. Faroe Islands and the European Union The Faroe Islands,