1911 Encyclopædia Britannica, Volume 25… (1911)
“ But although he was one of the greatest scholars Iceland has produced, he was still greater as a politician. The Danish rule had, during the centuries following the Reformation, gradually brought Iceland to the verge of economic ruin; the ancient Parliament of the island, which had degenerated to a mere shadow, had been abolished in 1800; all the revenue of Iceland went into the Danish treasury, and only very small sums were spent for the good of the island; but worst of all was the notorious monopoly which gave away the whole trade of Iceland to a single Danish trading company. ”
