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.
19th Century Informal Economy

An informal economy is one in which people provide for their own needs by engaging in a variety of noncommercial activities
The Loss of the Ocean Ranger, 15 February 1982

On Monday, 15 February 1982, the Ocean Ranger sank while drilling at Hibernia during a bad winter storm
Oil Industry and the Newfoundland Economy

Newfoundland and Labrador's offshore oil industry has made significant contributions to the provincial economy in recent decades.
Oil and the Environment

A major concern surrounding Newfoundland and Labrador's offshore oil industry is that it may do serious damage to the ocean environment.