- published: 19 Mar 2010
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The Iceland hotspot is a hotspot which is partly responsible for the high volcanic activity which has formed the island of Iceland.
Iceland is one of the most active volcanic regions in the world, with eruptions occurring on average roughly every three years (in the 20th century there were 39 volcanic eruptions on and around Iceland). About a third of the basaltic lavas erupted in recorded history have been produced by Icelandic eruptions. Notable eruptions have included that of Eldgjá, a fissure of Katla, in 984 (the world's largest basaltic eruption ever witnessed), Laki in 1783 (the world's second largest), and several eruptions beneath ice caps, which have generated devastating glacial bursts, most recently in 2010 after the eruption of Eyjafjallajökull.
Iceland's location astride the Mid-Atlantic Ridge, where the Eurasian and North American Plates are moving apart, is partly responsible for this intense volcanic activity, but an additional cause is necessary to explain why Iceland is a substantial island while the rest of the ridge mostly consists of seamounts, with peaks below sea level.
Iceland i/ˈaɪslənd/ (Icelandic: Ísland, IPA: [ˈislant]) is a Nordic European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. The country has a population of about 320,000 and a total area of 103,000 km2 (40,000 sq mi). The capital and largest city is Reykjavík, with the surrounding areas in the southwestern region of the country being home to two-thirds of the country's population. Iceland is volcanically and geologically active. The interior mainly consists of a plateau characterised by sand fields, mountains and glaciers, while many glacial rivers flow to the sea through the lowlands. Iceland is warmed by the Gulf Stream and has a temperate climate despite a high latitude just outside the Arctic Circle.
According to Landnámabók, the settlement of Iceland began in AD 874 when the chieftain Ingólfur Arnarson became the first permanent Norse settler on the island. Others had visited the island earlier and stayed over winter. Over the following centuries, Norsemen settled Iceland, bringing with them thralls (slaves) of Gaelic origin. From 1262 to 1918 Iceland was part of the Norwegian and later the Danish monarchies. Until the 20th century, the Icelandic population relied largely on fisheries and agriculture, and the country was one of the poorest and least developed in the world. Industrialisation of the fisheries and aid from the Marshall Plan brought prosperity in the years after World War II, and by the 1990s it was one of the world's wealthiest countries. In 1994, Iceland became party to the European Economic Area, which made it possible for the economy to diversify into economic and financial services.