Fishing was the main economic activity of the area for hundreds of years due to the proximity of St. Lawrence with the Grand Banks . A tsunami devastated the area following the 1929 Grand Banks earthquake ; 27 people lost their lives , and many along the coast lost their houses , boats , stages and supplies . This added greatly to the hardship already inflicted by the Great Depression and the collapse of the saltfish trade
1929 Grand Banks earthquake
1929 Grand Banks earthquake
St. Lawrence, Newfoundland and Labrador