Economy
The Atlantic has contributed significantly to the development and economy of surrounding countries. Besides major transatlantic transportation and communication routes, the Atlantic offers abundant petroleum deposits in the sedimentary rocks of the continental shelves. The Atlantic hosts the world's richest fishing resources, especially in the waters covering the shelves. The major fish are cod, haddock, hake, herring, and mackerel.
The most productive areas include Newfoundland's Grand Banks, the Nova Scotia shelf, Georges Bank off Cape Cod, the Bahama Banks, the waters around Iceland, the Irish Sea, the Dogger Bank of the North Sea, and the Falkland Banks. Eel, lobster, and whales appear in great quantities. Various international treaties attempt to reduce pollution caused by environmental threats such as oil spills, marine debris, and the incineration of toxic wastes at sea.
Read more about this topic: Atlantic Ocean
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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)
“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)