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Cod fishing on the Newfoundland Banks. Cod fishing in Newfoundland was carried out at a subsistence level for centuries, but large scale fishing began shortly after the European arrival in the North American continent in 1492, with the waters being found to be preternaturally plentiful, and ended after intense overfishing with the collapse of the fisheries in 1992.
Throughout Atlantic Canada, but especially in Newfoundland, the cod fishery was a source of social and cultural identity. [10] For many families, it also represented their livelihood: most families were connected either directly or indirectly with the fishery as fishermen, fish plant workers, fish sellers, fish transporters, or as employees in ...
After the publication of his book The Fur Trade in Canada (1930) Innis turned to a study of an earlier staple — the cod fished for centuries off the eastern coasts of North America. 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 ...
The northwest Atlantic cod has been regarded as heavily overfished throughout its range, resulting in a crash in the fishery in the United States and Canada during the early 1990s. Newfoundland's northern cod fishery can be traced back to the 16th century. "On average, about 300,000 tonnes (330,000 short tons) of cod was landed annually until ...
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 ...
Farley Mowat was among the critics of the resettlement program [9] who noted that it resulted in what was likened to a "cultural genocide" as rural Newfoundland society became decimated. The cod moratorium of 1992 was another blow to the outport communities, whose entire economies were based on the ocean and its resources.
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.
In response to a decline in the cod fishery industry, the Newfoundland government refurbished the Marystown shipyard in 1992. [ citation needed ] Ownership left Canada when the American company Friede Goldman Ltd. bought the facility in 1998, and remained in American hands when ownership changed again in 2002 to Kiewit Offshore Services Ltd .