Scandinavian Monetary Union after Iceland was elevated to a separate kingdom in union with Denmark in 1918. Iceland cut its ties to Denmark in 1944 and became a republic. The Icelandic króna soon became volatile, causing a high inflation and in 1980 a currency reform was introduced, in which 1 new Icelandic króna was set to 100 original ones.. The Scandinavian Monetary Union was inspired by the Latin Monetary Union, established in 1865. According to economic historians Ingrid Henriksen and Niels Kærgård:Was the Scandinavian Currency Union a success? Yes and no. When the Union functioned at its best, which was only from 1901
The Natural History of Iceland The Natural History of Iceland The Natural History of Iceland () is a natural history of Iceland by Danish lawyer Niels Horrebow. It was first published in Danish in 1752 with an English translation in 1758. The book was intended to correct errors in past natural histories of Iceland, particularly the work of Hamburg mayor Johann Anderson, who had written about the island without ever actually visiting it. Anderson had relied entirely on accounts from German and Dutch sea captains, but Horrebow lived in Iceland for two years, studying the animals, plants, weather, and geological features. He also made note