Cod Wars presence in the waters off Iceland. Some Icelandic historians view the history of Iceland's struggle for control of its maritime resources in ten episodes, or ten cod wars. The first episode was a dispute between Norway and England in 1415 to 1425 over England's trading with Iceland in violation of Norway's monopoly on the Icelandic trade. The dispute ended when the English arrested Eric of Pomerania's officials in Iceland, effectively restoring the Anglo-Icelandic trade. The agreement that was reached in 1976 concluded what in modern times is called the Third Cod War (the final and tenth Cod War in long-term
Cod fisheries yearly catch achieved before the super-trawlers. Approximately 8 million tons of cod were caught between 1647 and 1750, a period encompassing 25 to 40 cod generations. The factory trawlers took the same amount in 15 years. A Newfoundland white paper published in 1978 stated that: The industry collapsed entirely in the early 1990s owing to overfishing and debatably, greed, lack of foresight and poor local administration. By 1993 six cod populations had collapsed, forcing a belated moratorium on fishing. Spawning biomass had decreased by at least 75% in all stocks, by 90% in three of the six stocks, and by