Cod fisheries into a "codfish aristocracy". The American settlers rose up against British "tariff on an import, instigated by merchants, including John Hancock and John Rowe, in which the scions of the codfish aristocracy" disguised themselves, boarded their own ships, and disposed of their own goods into the harbor in protest to the tariff, more commonly known as the Boston Tea Party (p. 96). In the 20th century, Iceland re-emerged as a fishing power and entered the Cod Wars to gain control over the north Atlantic seas. In the late 20th and early 21st centuries, cod fishing off the coasts of Europe
Collapse of the Atlantic northwest cod fishery with these new statistics brought to light no changes were made in regards to the allotted yearly catch of cod. With only a limited knowledge of cod biology, scientists predicted that the population of the species would rebound from its low point in 1975 and when Canada extended its fishing boundaries in 1976, fish mortality decreased immediately. This was not due to a rise in cod stocks, it was because foreign trawlers could no longer fish the waters. Therefore, when Fisheries and Oceans set quotas, they overestimated the total stock, and increased the total allowable catch. In 1992, John Crosbie,