Wellfleet's oyster beds drove the early economy, as did whaling and other fishing endeavors. The town was home to 30 whaling ships at the time of the American Revolution. However, because of the decline of whaling and the mackerel catch in the late 19th century, the fleet declined, being completely free of schooners by 1900. The oyster fleet continues to this day, however, harvesting many other types of shellfish as well.
Guglielmo Marconi built America's first transatlantic radio transmitter station on a coastal bluff in South Wellfleet in 1901–02. The first radio telegraph transmission from America to England was sent from this station on January 18, 1903, a ceremonial telegram from President Theodore Roosevelt to King Edward VII. Most of the transmitter site is gone, however, as three quarters of the land it originally encompassed has been eroded into the sea. The South Wellfleet station's first call sign was "CC", for Cape Cod.
In 1961, President John F. Kennedy created the Cape Cod National Seashore, which encompasses most of the Atlantic shoreline of Cape Cod. In Wellfleet the territory circles the town, from Jeremy Point through the marshes and "islands" along the Herring River, and extending the length of the Atlantic shore of the town.
Construction of the Chequesset Inn in the late 19th century contributed to the development of a tourist economy in Wellfleet. The town has the second greatest concentration of art galleries on Cape Cod, right after Provincetown. It is also a popular retirement spot.
In 1717, the pirate Samuel Bellamy was sailing near what is now Wellfleet when his ship, the Whydah, sank
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