Logging, which was always an important part of the insular economy, greatly increased with the formation of the Beaver Island Logging Company in 1901. Docks, housing, railroads and a mill impacted the local scenery, while fishing continued as the primary economic activity. A great decrease of the fish population in the 1940s caused the exodus of most of the residents, until tourism in the 1970s renewed interest in the Island. Presently the Island is a popular recreational destination for residents throughout the Great Lakes Basin.