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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.
In 1992, Northern Cod populations fell to 1% of historical levels, due in large part to decades of overfishing. [3] The Canadian Federal Minister of Fisheries and Oceans , John Crosbie , declared a moratorium on the Northern Cod fishery , which for the preceding 500 years had primarily shaped the lives and communities of Canada's eastern coast ...
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. Throughout the 1990s ...
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 Fisheries Department announced Wednesday it would reestablish a commercial cod fishery in the province, with a total allowable catch of 18,000 tons for the 2024 season. “Ending the northern cod moratorium is a historic milestone for Newfoundlanders and Labradorians,” said federal Fisheries Minister Diane Lebouthillier in a news release.
Newfoundland cod formed one leg of a triangular trade that sent cod to Spain and the Mediterranean, and wine, fruit, olive oil, and cork to England. Dutch ships were especially active during the time between 1620–1660 in what was called the "sack trade."
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 merchant trade in Trinity was significant and dominated the social and economic life from Baie Verte to White Bay (Newfoundland and Labrador). At times, merchants in Trinity exported upwards of 30-40% of cod, train oil, and seals produced in Newfoundland.