In the last few weeks, I’ve vaguely referred to whale oil and the profits made through a successful 19th Century whaling voyage. Now it’s time to get a little more specific. After-all, a two year voyage, all that hard work of whale hunting, and the trip home should have been worth something.
It was. In fact, the industry was so profitable that the hunting continued endlessly, in an attempt to supply the market with the raw materials.
Today, we’re going to talk a little about the numbers and monetary value of the whaling industry. It’s not an attempt to justify over-hunting or glorify the pain and suffering; rather, it’s an attempt to understand why this was acceptable in the past. Continue reading