The Rise and Fall of the Nova Scotia Coal Industry

Increase / Decrease in Coal Industry in Nova Scotia State Coal mining has always been an important part of the economy, landscape and culture of Nova Scotia. Along with salmon fishing, it is the major exporters and employers of the regional population. Since both industries are now failing, the poor economic environment will undoubtedly influence the population. In this article I am trying to study the economic situation that brought the coal industry in the state of Nova Scotia, the forces of the market, and the factors that brought about the collapse of political manipulation and its collapse.

Historically, the most important mineral in Nova Scotia province was coal. The rapid growth of coal production and the development of steel industry were the main reasons for state prosperity in the early 20th century. After the Second World War, the situation in the coal area was often plagued, and in the late 1950's the market shrank sharply in the face of competition between oil and gas. Production volume decreased from about 6.6 million tons in 1950 to about 2 million tons in 1971.

Coal mines are the most important material for mining in Nova Scotia and total annual value in the early 1990s was $ 238 million, accounting for about 12% of Canada's total production. Major coal mines are located on Cape Breton Island. Approximately three quarters of plaster mined every year in Canada is produced in this area. Other important minerals in Nova Scotia include tin, stone, salt, sand and gravel, clay, peat, lead, zinc and barytes. Manufacturing is the major department of Nova Scotia's economy and the manufacturing industry employs approximately 49,000 people. The annual export value of state manufacturing companies is $ 5.3 billion. Major manufacturers include processed foods (especially fish products), paper and paper products, transportation equipment (especially ships, aerospace products and automobiles), printing materials, wood products, steel, nonmetallic minerals and chemical products.

The water is surrounded by Nova Scotia. Most people on the island earn their living by fishing. Most of their items are shipped and traded to various places in Canada. This is the main source of revenue in Nova Scotia. However, there are so many intruders and pirates on the island, so there is no safe and convenient way to transport goods inside Canada. When we ship goods inside Canada, we still have to pay a lot of taxes. Therefore, the flow of income is not stable enough. In addition, the island has few population and industry is relatively unique. Some essentials need to be imported from Canada. For the reasons I have just mentioned, these imported necessities are also disturbed. So life can not gain a sense of security. On the other hand, Nova Scotia is an important transportation port relatively close to Europe and America. It is very suitable for international trade. That economy can develop better