In 1979, Denmark granted home rule to Greenland, and in 2008, Greenlanders voted in favor of the Self-Government Act, which transferred more power from the Danish government to the local Greenlandic government.
slaves or serfs), he set out in ships to explore an icy land known to lie to the northwest.
It also retains control of monetary policy, providing an initial annual subsidy of DKK 3.4 billion, which is planned to diminish gradually over time.
Greenland expects to grow its economy based on increased income from the extraction of natural resources.
In prehistoric times, Greenland was home to several successive Paleo-Eskimo cultures known today primarily through archaeological finds.
The earliest entry of the Paleo-Eskimo into Greenland is thought to have occurred about 2500 BC.