Newfoundland Heritage Web Site

Table of Contents

Click on TABLE OF CONTENTS above to access a list of all Economy articles.
1894 Bank Crash

On 10 December 1894, two of Newfoundland and Labrador's three banks closed their doors and never opened them again.
Impacts of the 1894 Bank Crash

After the Commercial and Union Banks ceased operations, Newfoundland and Labrador entered a period of economic, social, and political chaos.
Economy

Although it is often described in different terms, the expedition that led to the discovery of Newfoundland was primarily an economic enterprise.