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 Wars Wars because Icelandic statesmen were too greatly constrained by domestic politics to offer compromises to the British, but British statesmen were not as constrained by public opinion at home. International relations scholars such as Robert Keohane, Joseph Nye, Hans Morgenthau, Henry Kissinger and Ned Lebow have written on the Cod Wars. The 2016 review article finds that lessons from the Cod Wars have most commonly been applied to liberal and realist international relations theory and theories on asymmetric bargaining. It claims that the Cod Wars are widely seen as inconsistent with the precepts of the liberal peace, since democracy, trade