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
Cod important port. William Pitt the Elder, criticizing the Treaty of Paris in Parliament, claimed cod was "British gold"; and that it was folly to restore Newfoundland fishing rights to the French. In the 17th and 18th centuries in the New World, especially in Massachusetts and Newfoundland, cod became a major commodity, creating trade networks and cross-cultural exchanges. In 1733, Britain tried to gain control over trade between New England and the British Caribbean by imposing the Molasses Act, which they believed would eliminate the trade by making it unprofitable. The cod trade grew instead, because the "French were eager to