The Danish–Icelandic Trade Monopoly (Icelandic: Einokunarverslunin) was the monopoly on trade held by Danish merchants in Iceland in the 17th and 18th centuries. Iceland was during this period a territory controlled by the Danish-Norwegian Crown. The origins of the monopoly may be traced to the mercantilist policies of Denmark-Norway, and its aim was to support Danish merchants and Danish trade against the Hanseatic League of Hamburg, increasing the power of the King of Denmark in Iceland.
The monopoly was enacted by a set of laws passed in 1602 and lasted until 1786. Trade took place in 20 (later 25) designated trading posts, according to a fixed rate of prices determined by the king. The merchants divided the trading posts between themselves in exchange for a fixed rent. The Westman Islands were rented at a higher price. Danish merchants were forbidden to participate in economic activities in the country other than trade until 1777.
From 1602 until 1619, the trading monopoly was tied to the Danish cities of Copenhagen, Malmö (now in Sweden) and Helsingør. From 1620, trade was limited to Copenhagen exclusively.
and 22 Related for: Danish trade monopoly in Iceland information
(1397–1523), but on its dissolution, Iceland fell under Danish rule. The subsequent strict Danish–IcelandicTradeMonopolyin the seventeenth and eighteenth...
language of the Icelandic deaf community. During the time of Danish rule, Danish was a minority language inIceland. Studying English and Danish (or another...
Instead, Denmark bought the fish caught from Iceland at below world market prices. Although the trademonopoly ended in 1787, Icelanders could not trade freely...
The Kingdom of Iceland (Icelandic: Konungsríkið Ísland; Danish: Kongeriget Island) was a sovereign and independent country under a constitutional and...
Danish overseas colonies and Dano-Norwegian colonies (Danish: De danske kolonier) were the colonies that Denmark–Norway (Denmark after 1814) possessed...
a trademonopolyinIceland, restricting commerce to Danish merchants. They were required to regularly send merchant ships to Iceland carrying trade goods...
During 1918, after a long period of Danish rule, Iceland had become an independent state in personal union with the Danish king and with common foreign affairs...
country until five months later. On 17 June 1944, Iceland dissolved its union with Denmark and the Danish monarchy and declared itself a republic, which...
made in Copenhagen, where the Greenlanders had no representation. Towards the end of the 19th century, traders criticized the Danishtrademonopoly. It...
Sports inIceland are very popular. Popular sports include football, handball, athletics, basketball, chess, golf, volleyball, tennis, skiing, snowboarding...
affairs was appointed to the Danish cabinet in 1904. Full independence was granted in 1918 through the Danish-Icelandic Act of Union. This was followed...
For centuries Iceland's main industries were fishing, fish processing and agriculture. In the 19th century, 70–80% of Icelanders lived by farming, but...
An alcohol monopoly is a government monopoly on manufacturing and/or retailing of some or all alcoholic beverages, such as beer, wine and spirits. It...
The Icelandic Commonwealth, also known as the Icelandic Free State, was the political unit existing inIceland between the establishment of the Althing...
Grænlendingar (Icelandic for "Greenlanders") were Norsemen that came from Iceland to settle on the Island of Greenland in the years following 986. The...
The Danish West Indies (Danish: Dansk Vestindien) or Danish Virgin Islands (Danish: Danske Jomfruøer) or Danish Antilles were a Danish colony in the Caribbean...
The Danish East India Company (Danish: Ostindisk Kompagni) refers to two separate Danish-Norwegian chartered companies. The first company operated between...
The politics of Iceland take place in the framework of a parliamentary representative democratic republic, whereby the president is the head of state...
Danish India (Danish: Dansk Ostindien) was the name given to the colonies of Denmark (Denmark–Norway before 1814) in the Indian subcontinent, forming part...
Icelanders circumvented the burdensome trademonopoly of the Danish King by conducting illicit trade with foreign whalers. In what has been termed Spánverjavígin...