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The culture of Iceland is largely characterized by its literary heritage that began during the 12th century but also traditional arts such as weaving, silversmithing, and wood carving. The Reykjavík area hosts several professional theaters, art galleries, bookstores, cinemas and museums.
Iceland's stock market, the Iceland Stock Exchange (ISE), was established in 1985. [150] Iceland is ranked 27th in the 2012 Index of Economic Freedom, lower than in prior years but still among the freest in the world. [151] As of 2016, it ranks 29th in the World Economic Forum's Global Competitive Index, one place lower than in 2015. [152]
The geology of Iceland is unique and of particular interest to geologists. Iceland lies on the divergent boundary between the Eurasian plate and the North American plate. It also lies above a hotspot, the Iceland plume. The plume is believed to have caused the formation of Iceland itself, the island first appearing over the ocean surface about ...
Seth Doane travels to Iceland where a new volcano is spewing lava from an unusually deep place in the Earth. See the story on 60 Minutes Plus, streaming now on Paramount Plus.
West Iceland 2011 ii, v, x (mixed) Breiðafjörður is a large shallow bay in Western Iceland. Dotted with islands, islets, and skerries; it is an important breeding ground for birds, including brent goose (Branta benicla) and red knot (Calidris canutus). The area has been continuously populated since the settlement of Iceland, and preserves ...
Mid-Atlantic Ridge and adjacent plates. Volcanoes indicated in red.. In geological terms, Iceland is a young island. It started to form in the Miocene era about 20 million years ago from a series of volcanic eruptions on the Mid-Atlantic Ridge, where it lies between the North American Plate and Eurasian Plate.
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