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Newfoundland was named by European explorers who arrived in the late 15th century, with the term "New Found Land" reflecting its status as a newly discovered territory. John Cabot, an Italian navigator sailing under the English flag, is often credited with the name after his voyage in 1497. The name emphasized the island's importance as a new land for fishing and settlement, which was pivotal for European powers during that era. Over time, the name was eventually condensed to "Newfoundland."

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