Question

What new england industry quickly collapsed with the discovery of oil in pennsylvania?

Answer 1

By 1900, the whaling industry had collapsed, due in part to the discovery and refining of petroleum from the western Pennsylvania oil fields.

Answer 2

There was a company pioneering in oil related multifariouses known as the Whaling oil company. This British company suffered many major losses

Mainly after the commencement of the American Civil war. Most of this company's oil tankers were diverted from their route. They were busy assisting the Marine blockages of the civil war at the coasts. This is when the western Pennsylvania oil fields were activated and the situations worsened for the British whaling oil company .