Siglufjordur is a small fishing village in the north of Iceland that my wife and I had the pleasure of visiting this past summer. It nestles between the mountains of the Icelandic highlands and the sea in a way characteristic of towns on the northern coast.
What is unusual about Siglufjordur is its economic history. It was a boom town in the 1940s and 50s, the center of the North Atlantic herring trade. In addition to fishing, a great deal of processing and packing was done in Siglufjordur, and the town was triple its current size. In the early 1960s, however, the herring industry in Siglufjordur collapsed quite suddenly, because the fishing grounds had been overfished. Now the town is a shadow of its former self, surviving on sport fishing and tourism (the Herring Museum, perhaps surprisingly, is very much worth a visit).