In 1992, Canada's cod moratorium put 30,000 Newfoundlanders out of work; 32 years later, crab and shrimp have replaced cod and doubled the catch's value

On July 2, 1992, Canada’s federal government shut down the northern cod fishery off Newfoundland’s coast, the fish that had anchored the island’s economy and culture for nearly 500 years. It was a closure that came virtually overnight, and some 30,000 people lost their jobs in one fell swoop.

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