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.
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Famous quotes related to commerce and 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)