Economy
The main industry on the island prior to tourism was fishing. The island sits in the middle of natural migration routes for fish, and feeding grounds for conch and lobster. During World War II, fishermen living on the island also collected debris from torpedoed ships in the Caribbean that came floating ashore. The most lucrative were bales of rubber. The fishing industry is thought to support about 80 families on the island.
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Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)