Why was cod fishing important?

Cod fishing was crucial historically for several reasons: it provided a vital food source, particularly in Europe and North America, due to the fish's abundance and nutritional value. The industry supported local economies and livelihoods, enabling trade and commerce. Additionally, cod played a significant role in the development of maritime cultures and fishing technologies, influencing patterns of exploration and settlement in the New World. Its overfishing, however, has led to serious ecological and economic consequences.