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Stanley, formerly known as Port Stanley, is the capital of the Falkland Islands. This city was founded in 1843, and today is home to more than 1,500 people.

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Prior to the construction of the Panama Canal, Stanley was a major repair stop for boats traveling through the Straits of Magellan. The rough waters and intense storms found at the tip of the continent forced many ships to Stanley Harbour, and the ship repair industry helped to drive the island economy. Later, support for the Antarctic sealing and whaling boats became a major industry. Today, the vast majority of the town's residents are employed by the government, with tourism also being a major source of employment; on days when two or more large cruise ships dock in the town tourists may outnumber the local residents.