Shipbuilding and The Maritime Economy
Due to the islands' isolation, for many years Bermuda remained an outpost of 17th-century British civilization, with an economy based on the use of the islands' Bermuda cedar (Juniperus bermudiana) trees for shipbuilding, and Bermudians' control of the Turks Islands, and their salt trade. Especially as its control of the Turks became threatened, Bermuda's mariners also diversified their trade to include activities such as whaling and privateering.
Read more about this topic: History Of Bermuda
Famous quotes containing the word economy:
“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)