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FISHING BOUNTIES

FISHING BOUNTIES in the United States were not at first true bounties. To aid domestic fisheries, from 1789 until 1807 the federal government levied duties on imported salt and paid allowances on fish and meat cured with foreign salt and then exported. This allowance, or bounty, primarily affected the cod fisheries, which used large quantities of imported salt. The bounty as revived in 1813 applied only to the fisheries. Beginning in 1828 the duty was lowered while the bounty remained unchanged. The bounty was continued in 1866 to support northeastern fisheries, considered training grounds for seamen.

BIBLIOGRAPHY

Innis, Harold A. The Cod Fisheries: The History of an International Economy. Toronto: University of Toronto Press, 1978.

F. Hardee Allen/A. R.

See also Bounties, Commercial; Cod Fisheries; Hamilton's Economic Policies; Tariff; Taxation; Trade, Foreign.