Iceland Newspapers | News websites Online.

Iceland Overview
- Nordic island country located between the Arctic and North Atlantic Oceans
- Situated on the Mid-Atlantic Ridge, linking Europe and North America
- Sparsely populated, with approximately 395,000 residents; capital is Reykjavík
Geography and Climate
- Home to geysers, volcanic eruptions, and a volcanic plateau
- Temperate climate due to the Gulf Stream; some islands have a polar climate
Historical Background
- Settlement began in 874 AD by Ingólfr Arnarson
- Governed as an independent commonwealth with the Althing, a historic parliament
- Came under Norwegian and then Danish rule over centuries
Path to Independence
- Nationalism influenced independence, leading to the 1918 Act of Union with Denmark
- Became a republic in 1944 after WWII, ending ties to Denmark
- Experienced prosperity post-war due to industrialization and foreign aid
Economy and Society
- Market economy with low taxes and high trade union membership
- Nordic social welfare system provides universal health care and education
- Ranks highly in quality of life, education, and civil liberties
- Smallest NATO member, with no standing army, only a coast guard
