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
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,