Cod Wars a collision with the British frigate "Apollo", they collided again, on 29 August 1973. Several explanations for the Cod Wars have been put forward. Recent studies have focused on the underlying economic, legal and strategic drivers for Iceland and the United Kingdom, as well as the domestic and international factors that contributed to the escalation of the dispute. Lessons drawn from the Cod Wars have been applied to international relations theory. Fishermen from Britain began to fish in the international waters near Iceland in the 15th century. From the early 16th century onward, English sailors and fishermen were a major
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