Iceland: War's End

The modern Icelander is a chip off the old Norse. He believes that his tiny nation of 172,000 people can exist in equal partnership with great powers-while supporting itself almost entirely on fish. Last week the Icelander proved his premise by winning a curious ocean war against the proudest maritime nation on earth: Great Britain.

At stake in the war was the codfish—an ugly inhabitant of the North Atlantic that lingers lazily at the bottom of the ocean, spawns furiously and brings Iceland $59.3 million a year. Until June 1958, the schools of cod that lurked in...

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