Until the twentieth century, fishers believed in the cod’s ability to replenish itself and thought
that overfishing was impossible. However, Newfoundland’s cod fishery began to show signs of trouble
during the 1930s, when cod failed to support the fishers and thousands were unemployed. The slump
lasted for the next few decades. Then, when an international agreement in 1977 established the 200-
mile offshore fishing limit, the Canadian government decided to build up the modern Grand Banks fleet
and make fishing a viable economic base for Newfoundland again. All of Newfoundland’s seafood
companies were merged into one conglomerate. By the 1980s, the conglomerate was prospering, and
cod were commanding excellent prices in the market. Consequently, there was a significant increase
in the number of fishers and fish-processing plant workers.
Until the twentieth century, fishers believed in the cod’s ability to replenish itself and thought that overfishing was impossible. However, Newfoundland’s cod fishery began to show signs of trouble during the 1930s, when cod failed to support the fishers and thousands were unemployed. The slump lasted for the next few decades. Then, when an international agreement in 1977 established the 200- mile offshore fishing limit, the Canadian government decided to build up the modern Grand Banks fleet and make fishing a viable economic base for Newfoundland again. All of Newfoundland’s seafood companies were merged into one conglomerate. By the 1980s, the conglomerate was prospering, and cod were commanding excellent prices in the market. Consequently, there was a significant increase in the number of fishers and fish-processing plant workers.
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