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:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)