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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.
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 ...
Use of three collections of Newfoundland songs [79] demonstrates how by 1930 or so a Newfoundland song culture had replaced earlier cultural traditions. These songs suggest that the island was still a cultural mosaic; some outports were completely Irish, others were West Country, and in a few ethnically mixed communities, including St. John's ...
In addition to ecological considerations, decisions regarding the future of the fisheries were also influenced by social and economic factors. Throughout Atlantic Canada, but especially in Newfoundland, the cod fishery was a source of social and cultural identity. [10]
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 ...
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 ...
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.
Although the company was the third largest exporter of salt cod from Newfoundland, it had limited capital to respond to changes in the industry. With the decline of the salt cod industry in Newfoundland in the 60s and early 70s the company suffered decline. In May 1977,it went into receivership on default of a $440,000 bank loan. [1]