Excerpt from A Twist of Fortune by Mike Martin
Excerpt:
The schooners made the Banks Fishery possible and created one of the most remarkable and profitable fisheries ever seen in the world. For nearly a hundred years crews would venture out for three or four trips from May to October. Then they’d bring their fish back to Grand Bank for onshore salting and drying. People thought both the cod and the Banks Fishery would last forever but technological changes and greed would alter that projection.
By the mid 1900’s, there had been a shift from the sailing schooners to more mechanized vessels and more effective methods for catching codfish. The vessels used enormous nets that hauled in large numbers of fish but devastated the cod population. Then the fish companies developed trawlers that swept up everything in their path and dragged the bottom of the ocean. By the 1980’s they were dredging the waters, scooping up everything. Soon they were joined by floating factory ships that caught and processed the fish...