Greenland the Landsrådene, recommended patience and no radical reform of the system. Two years later, the first step towards a change of government was initiated when a grand commission was established. A final report (G-50) was presented in 1950: Greenland was to be a modern welfare state with Denmark as sponsor and example. In 1953 Greenland was made an equal part of the Danish Kingdom. Home rule was granted in 1979. Following World War II, the United States developed a geopolitical interest in Greenland, and in 1946 the United States offered to buy the island from Denmark for $100,000,000. Denmark refused
Greenland a tight fiscal policy since the late 1980s, which has helped create surpluses in the public budget and low inflation. Since 1990, Greenland has registered a foreign-trade deficit following the closure of the last remaining lead and zinc mine that year. More recently, new sources of ruby in Greenland have been discovered, promising to bring new industry and a new export from the country. (See Gemstone industry in Greenland). Air transportation exists both within Greenland and between the island and other nations. There is also scheduled boat traffic, but the long distances lead to long travel times and low frequency.