In January 1771, Spain formally - but with reservations - ceded control of the Falkland Islands to England. Thus the seeds of one of the key conflicts of the twentieth century were sown.
As to the name of the Islands, this paper implies that "Falklands" has precedence, since the first recorded landing on the islands was on 27 January 1690, by the crew of the British ship "Welfare", whose Captain, John Strong, named the sound between the two islands after Viscount Falkland, the Treasurer of the Royal Navy.
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