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| f. Iceland |
| 1918, Nov. 30 |
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| By the Act of Union, Iceland was recognized as a sovereign state, united with Denmark only in the person of the ruler. But until 1944 certain affairs were to be handled jointly. | 1 |
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| 1920 |
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| A Supreme Court was established. By World War II Iceland controlled most of its own affairs: a postal system, a banking and money system, tariff laws, and a penal system. Denmark retained control over foreign relations and protected fishing rights in Icelandic waters. | 2 |
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| 1923 |
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| The Althing passed the Cultivation of Soil Act, granting subsidies for agricultural improvements. With the aid of modern equipment, this revitalized Icelandic agriculture. | 3 |
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| 1937 |
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| The Althing proclaimed that it would not seek a renewal of the treaty binding Iceland with Denmark. | 4 |
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| 1940, May 10 |
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| A British garrison was accepted under protest to prevent a German invasion. | 5 |
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| 1941, May 17 |
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| The Althing announced that Iceland would separate from Denmark. | 6 |
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| July |
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| After an agreement, American forces replaced British forces in Iceland. | 7 |
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