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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.
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 ...
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.
In 1968 the cod catch peaked at 810,000 tons, approximately three times more than the maximum yearly catch achieved before the super-trawlers. Around eight million tons of cod were caught between 1647 and 1750 (103 years), encompassing 25 to 40 cod generations. The factory trawlers took the same amount in 15 years. [14]
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.
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."
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 ...
Fisheries and Oceans Canada (DFO; French: Pêches et Océans Canada, MPO) is a department of the Government of Canada that is responsible for developing and implementing policies and programs in support of Canada's economic, ecological and scientific interests in oceans and inland waters.