|Republic of Faetland|
Republika jaf Faetland
and largest city
|Other Recognised Languages||Spanish|
|Government||Semi-Presidential Parliamentary Republic|
• Prime Minister
|Legislature||Parliament of Faetland|
|53,000 km2 (20,000 sq mi)|
• 2013 census
|GDP (PPP)||2013 estimate|
• Per capita
|Currency||Faetlandic Yeo (FCY)|
|Time zone||FST (UTC-3)|
• Summer (DST)
|Drives on the||left|
Faetland was founded as a Wessen Colony in 1506, by lesser known Wessen explorer, Rikard Hroffan. In the years following initial colonisation, Faetland became a major trans-atlantic trading hub, with mining beginning as early as 1509. In 1532, with the Tudor Conquest of Wessex by the Kingdom of England, the island was claimed and siezed by the King, and was eventually incorporated into English overseas posessions. However, a failed rebellion in 1656, brought the plight of the Faetlandic to the international community. Spain was among the first to begin aggression towards England, with France soon following. A large scale Revolution occured in 1719 backed by Spain, Faetland became officially independent signing special agreements with Spain which would become vital in the nation's economic development. Wessen Culture and Language saw a large revival in the 18th and 19th centuries, becoming a fully Wessophone country by 1800.
Today, Faetland largely relies on the service industry and limited mining resources that remain. Its main exports are Tin and Copper. Former deposits included Coal, which has been depleted. In the 1800's, Faetland was the fuel of Wessex's industrial revolution supplying vital resources. During the 19th century a large influx of Wessen settlers arrived for mining work, further strengthening Faetland's mining industry and Wessen background.
Faetland has a high standard of living, causing it to be ranked highly in the UN's development chart several consecutive years in a row, however the country had been hit hard by the financial crisis in the late 2000's. Faetland is closely linked to Wessex both economically and politically. Despite not signing the Mutual Securities Pact (2004) with Wessex and Newfoundland, both Wessophone nations and close allys, Faetland continued its security pact with Spain.
The English term Faetland, is derived from the original Wessen name Faetgelen meaning Rich Land. Named so due to its wealth of mineral and metal desposits.