Search results
Results from the WOW.Com Content Network
Approximately eight million tons of cod were caught between 1647 and 1750, a period encompassing 25 to 40 cod generations. The factory trawlers took the same amount in 15 years. [8] The industry collapsed entirely in the early 1990s owing to overfishing and debatably, greed, lack of foresight and poor local administration. [9]
Cod on a 1932 Newfoundland postage stamp. [1] The result was The Cod Fisheries: The History of an International Economy, published 10 years after the fur trade study. Innis tells the detailed history of competing empires in the exploitation of a teeming, natural resource—a history that ranges over five hundred years.
The collapse of the northern cod fishery marked a profound change in the ecological, economic and socio-cultural structure of Atlantic Canada. The moratorium in 1992 was the largest industrial closure in Canadian history, [23] and it was expressed most acutely in Newfoundland, whose continental shelf lay under the region most heavily fished.
Ottawa announced the devastating cod moratorium on July 2, 1992. Cod stocks off the province’s northern and eastern coasts were collapsing, and the moratorium was introduced as a way to help them recover. Before then, the cod fishery was a primary economic driver in the province, and the moratorium put tens of thousands of people out of work.
Nationalist sentiment in the 21st century has become a powerful force in Newfoundland politics and culture, layered on top of a traditional culture deeply embedded in the outports. [77] Gregory (2004) sees it as a development of the late 20th century, for in the 1940s it was not strong enough to stop confederation with Canada, and the people in ...
Economic history of Newfoundland and Labrador History of Fisheries of Newfoundland and Labrador Collapse of the Atlantic northwest cod fishery; Turbot War; Migratory Fishery of Labrador; History of Basque whaling § Newfoundland and Labrador; History of the petroleum industry in Canada (frontier exploration and development) Military history of ...
ST. JOHN'S, Newfoundland (AP) — The Canadian government has ended the Newfoundland and Labrador cod moratorium, which gutted the Atlantic coast province’s economy and transformed its small ...
John Cabot visited Newfoundland in 1497; news spread quickly that Cabot had caught cod by simply lowering and lifting a weighted basket. Gaspar Corte-Real of Portugal visited Newfoundland in 1500, and by 1506 the catch from the Grand Banks of Newfoundland encouraged the King of Portugal to impose a ten percent import tariff to protect local ...