Economy
Farming, fishing and burning seaweed to kelp ash (used in the manufacture of soap and glass) were the main economic activities on the island until the 19th century. Tobermory was built by the British Fisheries Society in 1788 as a planned settlement to support the fishing industry. In the mid 19th century the Highland Potato Famine and the Highland Clearances reduced the population by two thirds and the island economy collapsed. In the early 20th century there were more sheep than people.
The economy began to revive when the construction of Craignure Pier in 1964 started to bring tourists. Tourism is now the mainstay of the island's economy. Ecotourism became popular from the 1990s and the re-introduction of White-tailed eagles in 2005 became a particular ecotourist drawcard.
There is a small amount of farming, aquaculture and fishing and Forestry Commission Scotland has several plantations on the island. Tobermory also has one whisky distillery and one brewery.
Read more about this topic: Isle Of Mull
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)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)