Cod work with the New Englanders in a lucrative contraband arrangement". In addition to increasing trade, the New England settlers organized into a "codfish aristocracy". The colonists rose up against Britain's "tariff on an import". In the 20th century, Iceland re-emerged as a fishing power and entered the Cod Wars. In the late 20th and early 21st centuries, fishing off the European and American coasts severely depleted stocks and become a major political issue. The necessity of restricting catches to allow stocks to recover upset the fishing industry and politicians are reluctant to hurt employment. Cod Cod is the common name
Cod fishing in Newfoundland had decreased by at least 75% in all stocks, by 90% in three of the six stocks, and by 99% in the case of 'northern' cod, previously the largest cod fishery in the world. After a 10-year moratorium on fishing begun in 1992, the cod had still not returned. It was thought that the local ecosystem might have changed, one possibility being that greater numbers of capelin, which used to provide food for the cod, might be eating the juvenile cod. The waters appeared to be dominated by crab and shrimp rather than fish. However, by 2011 it became apparent