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In more recent times, Iceland has faced other major challenges, most notably its economic fall in 2008 when a nationwide failure of its financial systems eroded it from its former position as one of the most developed and wealthiest countries in the world.

The History of Iceland describes how a small nation situated on a rocky and isolated island struggled for centuries to survive but then rose to great prosperity in the modern era. The work provides a comprehensive summary of Iceland's history that shares a tale of independence versus interdependence--one that underscores how recent events have forced a people with great pride in their unique heritage to reconsider well-established notions about themselves as a nation.

Based on the most recent research, this work is the first comprehensive overview to cover in detail the collapse of Iceland's economy and its subsequent effect on its people. Organized into seven main sections that chronologically cover the history of Iceland from the island's settlement to the present day, the book concludes with a revealing discussion of how each period has been perceived by later generations of Icelanders.