During the mid-1960s, American entrepreneur John Shaheen arranged with Newfoundland and Labrador Premier Joseph Smallwood to construct an oil refinery at Come By Chance.
The events surrounding the Lundrigan-Butler affair, perhaps the most celeberated legal case in Newfoundland and Labrador history, where two fisherman were publically whipped for outstanding debts to a local merchant.
German firms established thirteen of the sixteen manufacturing plants created in Newfoundland during the 1950s due to Alfred Valdmanis' business contacts.