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 Faroe Islands and the European Union The Faroe Islands, a self-governing nation within the Kingdom of Denmark, is not part of the EU, as explicitly asserted by both Rome treaties. The relations of the Faroe Islands with the EU are governed by a Fisheries Agreement (1977) and a Free Trade Agreement (1991, revised 1998). The main reason for remaining outside the EU is disagreements about the Common Fisheries Policy. As explicitly asserted by both Rome treaties, the Faroe Islands are not part of the European Union. This means that free movement of goods, people, capital and services within the EU