Give reason :Newfoundland has rich fishing grounds
The Grand Banks of Newfoundland, are a series of underwater plateaus south-east of the island of Newfoundland on the North American continental shelf. The Grand Banks are one of the world's richest fishing grounds, supporting Atlantic cod, swordfish, haddock and capelin, as well as shellfish, seabirds and sea mammals.
The Grand Banks of Newfoundland are a group of underwater plateaus south-east of Newfoundland on the North American continental shelf. These areas are relatively shallow, ranging from 15 to 91 metres (50 to 300 ft) in depth. The cold Labrador Current mixes with the warm waters of the Gulf Stream here, often causing extreme foggy conditions.
The mixing of these waters and the shape of the ocean bottom lifts nutrients to the surface. These conditions helped to create one of the richest fishing grounds in the world. Fishspecies include Atlantic cod, swordfish, haddock and capelin; shellfish include scallop and lobster. The area also supports large colonies of seabirds such as northern gannets, shear waters and sea ducks and various sea mammals such as seals, dolphins and whales.
Overfishing in the late 20th century caused the collapse of several species, particularly cod, leading to the closure of the Canadian Grand Banks fishery in 1992.
e Grand Banks were extensively glaciated during the last glacial maximum. By approximately 13,000 years ago, the majority of the ice had melted, leaving the Grand Banks exposed as several islands extending for hundreds of kilometres. It is believed that rising sea levels submerged these around 8,000 years ago.
Historic chart including the Grand Banks.
While there is no archaeological evidence for a European presence near the Grand Banks between the short-lived Greenland Norse settlement at L'Anse aux Meadows in CE 1000 and John Cabot's transatlantic crossing in 1497, there is some evidence that voyagers from Portugal, the Basque Region and England (especially those from Bristol) and others preceded Cabot. In the 15th century some texts refer to a land called Bacalao, the land of the codfish, which is possibly Newfoundland. Within a few years of Cabot's voyage the existence of fishing grounds on the Grand Banks became generally known in Europe. Ships from France and Portugal were first to fish there, followed by those from Spain, while ships from England were scarce in the early years. This soon changed especially after Bernard Drake's raid in 1585 which virtually wiped out the Spanish and Portuguese fishing industry in this area. These fish stocks thus became important for the early economies of eastern Canadaand New England.
On 18 November 1929, a major earthquake (known as the 1929 Grand Banks earthquake) on the southwestern part of the Grand Banks bordering the Laurentian Channel caused an underwater landslide which resulted in extensive damage to transatlantic cables and generated a rare Atlantic tsunami that struck the south coast of Newfoundland, claiming 29 lives on the