Commerce and Industry
With the completion of the transcontinental railway in 1886, trade began to shift to nearby Vancouver. Nonetheless, New Westminster weathered the loss, and remained an important industry and transportation centre. The local economy has always had a mix of industrial sectors, but it has evolved over the years, moving from a reliance on the primary resources of lumber and fishing in the 19th century, to heavy industry and manufacturing in the first half of the 20th century, to retail from the mid-1950s to the 1970s, to professional and business services in the 1990s, and finally to high-tech and fibre-optic industry in the early 21st century.
Read more about this topic: New Westminster
Famous quotes containing the words commerce and industry, commerce and, commerce and/or industry:
“While the focus in the landscape of Old World cities was commonly government structures, churches, or the residences of rulers, the landscape and the skyline of American cities have boasted their hotels, department stores, office buildings, apartments, and skyscrapers. In this grandeur, Americans have expressed their Booster Pride, their hopes for visitors and new settlers, and customers, for thriving commerce and industry.”
—Daniel J. Boorstin (b. 1914)
“Here, the churches seemed to shrink away into eroding corners. They seem to have ceased to be essential parts of American life. They no longer give life. It is the huge buildings of commerce and trade which now align the people to attention. These in their massive manner of steel and stone say, Come unto me all ye who labour, and we will give you work.”
—Sean O’Casey (1884–1964)
“Indeed, I believe that in the future, when we shall have seized again, as we will seize if we are true to ourselves, our own fair part of commerce upon the sea, and when we shall have again our appropriate share of South American trade, that these railroads from St. Louis, touching deep harbors on the gulf, and communicating there with lines of steamships, shall touch the ports of South America and bring their tribute to you.”
—Benjamin Harrison (1833–1901)
“Your representative owes you, not his industry only, but his judgement; and he betrays instead of serving you if he sacrifices it to your opinion.”
—Edmund Burke (1729–1797)