Published online by Cambridge University Press: 27 October 2009
During the first quarter of the nineteenth century, British Arctic whaling enjoyed a prolonged period of expansion and prosperity. The industry began to grow rapidly after about 1812, and between 1814 and 1817 engaged the largest fleet in its history, an average of nearly 150 ships each year. After 1816, the whalemen embarked on an adventurous programme of geographical expansion, which brought extensive new whaling-grounds within their reach. This enterprise proved highly successful at first, but later brought the industry to the threshold of financial ruin.