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In response to dire warnings of social and economic consequences, the federal government initially provided income assistance through the Northern Cod Adjustment and Recovery Program, and later through the Atlantic Groundfish Strategy, which included money specifically for the retraining of those workers displaced by the closing of the fishery. [3]
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.
Map showing the Grand Banks. The Grand Banks of Newfoundland are a series of underwater plateaus south-east of the island of Newfoundland on the North American continental shelf. The Grand Banks are one of the world's richest fishing grounds, supporting Atlantic cod, swordfish, haddock and capelin, as well as shellfish, seabirds and sea mammals.
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 ...
The destruction of the Grand Banks cod is one of the biggest fisheries disasters of all time. And science helped make it happen. The Canadian government banned fishing on the Banks in 1992, when scientists discovered there were nearly no adult cod left. That ban is likely to remain in place for at least a decade.
Fishing on Georges Bank models of Schooner and Dory from exhibit at the Woods Hole Science Aquarium (WHSA). Georges Bank, while not having the most productive fishery in the world (the Grand Banks takes this claim [citation needed]), has great prominence in that it is probably the most geographically accessible of all the fishing banks in the North Atlantic.
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