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Economy Of Greenland
The economy of Greenland is characterized as small, mixed and vulnerable. Greenland's economy consists of a large public sector and comprehensive foreign trade. This has resulted in an economy with periods of strong growth, considerable inflation, unemployment problems and extreme dependence on capital inflow from the Kingdom Government. GDP per capita is close to the average for European economies, but the economy is critically dependent upon substantial support from the Danish government, which supplies about half the revenues of the Self-rule Government, which in turn employs 10,307 Greenlanders out of 25,620 currently in employment (2015). Unemployment nonetheless remains high, with the rest of the economy dependent upon demand for exports of shrimp and fish. Historical development Except for an abortive royal colony established under Major Claus Paarss between 1728 and 1730, colonial Greenland was administered by companies under royal charter until 1908. Hans Egede's Ho ...
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Nuuk
Nuuk (; da, Nuuk, formerly ) is the capital and largest city of Greenland, a constituent country of the Kingdom of Denmark. Nuuk is the seat of government and the country's largest cultural and economic centre. The major cities from other countries closest to the capital are Iqaluit and St. John's in Canada and Reykjavík in Iceland. Nuuk contains a third of Greenland's population and its tallest building. Nuuk is also the seat of government for the Sermersooq municipality. In January 2021, it had a population of 18,800. The city was founded in 1728 by the Dano-Norwegian missionary Hans Egede when he relocated from the earlier Hope Colony () where he arrived in 1721. The governor Claus Paarss was part of the relocation. The new colony was placed at the Inuit settlement of Nûk and was named ''Godthaab'' ("Good Hope"). "Nuuk" is the Greenlandic word for " cape" ( da, næs) and is commonly found in Greenlandic place names. It is so named because of its position at the end of ...
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Uranium
Uranium is a chemical element with the symbol U and atomic number 92. It is a silvery-grey metal in the actinide series of the periodic table. A uranium atom has 92 protons and 92 electrons, of which 6 are valence electrons. Uranium is weakly radioactive because all isotopes of uranium are unstable; the half-lives of its naturally occurring isotopes range between 159,200 years and 4.5 billion years. The most common isotopes in natural uranium are uranium-238 (which has 146 neutrons and accounts for over 99% of uranium on Earth) and uranium-235 (which has 143 neutrons). Uranium has the highest atomic weight of the primordially occurring elements. Its density is about 70% higher than that of lead, and slightly lower than that of gold or tungsten. It occurs naturally in low concentrations of a few parts per million in soil, rock and water, and is commercially extracted from uranium-bearing minerals such as uraninite. In nature, uranium is found as uranium-238 (99. ...
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Kalaallit People
Kalaallit make up the largest group of the Greenlandic Inuit and are concentrated in Kitaa. It is also a contemporary term in the Greenlandic language for the indigenous people living in Greenland (Greenlandic ''Kalaallit Nunaat'').Hessel, 8 The Kalaallit (singular: ''Kalaaleq'') are a part of the Arctic Inuit. The language spoken by Inuit in Greenland is Kalaallisut, also called Greenlandic. Name Probably adapted from the name ''Skræling'', ''Kalaallit'' historically referred specifically to Western Greenlanders. On the other hand, Northern and Eastern Greenlanders call themselves Inughuit and Tunumiit, respectively. About 80% to 88% of Greenland's population, or approximately 44,000 to 50,000 people identify as being Inuit.Hessel, 20 Regions As 84% of Greenland's landmass is covered by the Greenland ice sheet, Kalaallit live in three regions: Polar, Eastern, and Western. In the 1850s some Canadian Inuit migrated to Greenland and joined the Polar Inuit communities.Hessel ...
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Royal Greenland Trading Department
The Royal Greenland Trading Department ( da, Den Kongelige Grønlandske Handel, KGH) was a Danish state enterprise charged with administering the realm's settlements and trade in Greenland. The company managed the government of Greenland from 1774 to 1908 through its Board of Managers in Copenhagen and a series of Royal Inspectors and Governors in Godthaab and Godhavn on Greenland. The company was headquartered at Grønlandske Handels Plads at Christianshavn. Following the introduction of home rule in Greenland in 1979, the company was reformed into several successors, including the KNI conglomerate, the Royal Greenland fishing company, and the Royal Arctic shipping company. History The Royal Greenland Trading Department was founded in 1774 as a successor to the failed General Trade Company (') which had previously managed the Dano-Norwegian whaling stations and Lutheran and Moravian missions in Greenland. At first, it possessed a monopoly on trade near the Danish trading ...
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General Trade Company
The General Trade Company ( da, Det almindelige Handelskompagni) was a Dano-Norwegian trading company charged with administering the realm's settlements and trade in Greenland. The company existed from 1747 to 1774 and managed the government of Greenland from 1749. History The General Trade Company was founded on 4 September 1747. Learning from the mistakes of the earlier Bergen Greenland Company and the relative success of Jacob Severin's operation on the island, the company received a full monopoly on trade around its settlements and armed ships flying the Danebrog to prevent better-armed, lower-priced, and better-quality Dutch goods from bankrupting the enterprise. It focused its operations on getting seal skins and whale oil from the native hunters for resale in Europe.Marquardt, Ole.Change and Continuity in Denmark's Greenland Policy in ''The Oldenburg Monarchy: An Underestimated Empire?''. Verlag Ludwig (Kiel), 2006. The GTC received Hans Egede's Godthaab; the Moravia ...
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Jacob Severin
Jacob Sørensen Severin (27 October 1691 – 21 March 1753) was a Danish merchant who held a trade monopoly on Greenland from 1733 to 1749. Biography He was born in Sæby, Denmark, to Søren Nielsen (c. 1655–1730) and his wife Birgitte Ottesdatter. His father was later magistrate ('' byfoged'') of the community. After attending school to the age of 15, he married at age 22 a woman over forty years his senior, Maren Nielsdatter, the widow of the merchant Segud Langwagen. Using her capital, Severin took over her former husband's monopoly over the Icelandic trade with Denmark and built a thriving company specialized on Iceland, Finnmark and whaling off Spitzbergen. As a member of Copenhagen's 32 Men, he had the right to an audience before the king. The failure of the Bergen Greenland Company () operated by Hans Egede and of the royal colony in Greenland established by Claus Paarss allowed Severin to convince the new King Christian VI and his council to grant his company a ...
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Bergen Greenland Company
The Bergen Greenland Company ( da, Det Bergen Grønlandske CompagnieOswalt, Wendell H. Eskimos and Explorers'. Univ. of Nebraska Press, 1999.) or Bergen Company (''Bergenkompagniet''Culture Greenland.." Sisimiut Museum. Accessed 2 May 2012.) was a Dano-Norwegian private corporation charged with founding and administering Danish-Norwegian colonies and trade in Greenland, as well as searching for any survivors from the former Norse settlements on the island. It operated from 1721 until its bankruptcy in 1727. Although the Bergen Company failed as a concern and both its settlements were destroyed and abandoned, it was ultimately successful in re-establishing sovereignty over Greenland. History The Norwegian Lutheran minister Hans Egede established the company with $9,000 in capital from the Bergen merchants, $200 from the Danish-Norwegian king Frederick IV, and a $300 annual grant from the Royal Mission College.Doody, Richard. ''The World at War'':GREENLAND 1721 - 1953. The merchants ...
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Hans Egede
Hans Poulsen Egede (31 January 1686 – 5 November 1758) was a Dano-Norwegian Lutheran missionary who launched mission efforts to Greenland, which led him to be styled the Apostle of Greenland. He established a successful mission among the Inuit and is credited with revitalizing Dano-Norwegian interest in the island after contact had been broken for about 300 years. He founded Greenland's capital Godthåb, now known as Nuuk. Background Hans Egede was born into the home of a civil servant in Harstad, Norway, nearly north of the Arctic Circle. His paternal grandfather had been a vicar in Vester Egede on southern Zealand, Denmark. Hans was schooled by an uncle, a clergyman in a local Lutheran Church. In 1704 he travelled to Copenhagen to enter the University of Copenhagen, where he earned a Bachelor's degree in Theology. He returned to Hinnøya Island after graduation, and on 15 April 1707 he was ordained and assigned to a parish on the equally remote archipelago of Lofoten. Also ...
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Claus Paarss
Major Claus Enevold Paarss (18 February 1683 – 26 May 1762) was a Danish military officer and official. Retired from service,Marquardt, Ole"Change and Continuity in Denmark's Greenland Policy"in ''The Oldenburg Monarchy: An Underestimated Empire?''. Verlag Ludwig (Kiel), 2006. he was appointed governor of Greenland by King Frederick IV between 1728 and 1730.Mirsky, Jeannette. To the Arctic!: The Story of Northern Exploration from Earliest Times'. Univ. of Chicago Press, 1998. Paarss was born in Thy in then Denmark–Norway in 1683 and commanded a Danish man-of-war and threeCranz, David & al. The History of Greenland: including an account of the mission carried on by the United Brethren in that country'. Longman, 1820. or four other ships to Hans Egede's "Haabets Koloni" on Kangeq, which he removed to the mainland opposite and fortified under the name "Godt-Haab", later known as Godthåb and then Nuuk. His contingent of colonists consisted of twenty soldiers, three sergeants ...
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Government Of Greenland
Naalakkersuisut ( en, Cabinet of Greenland, da, Grønlands Regering), is the chief executive body and the government of Greenland since the island became self-governing in 1979. An "autonomous territory" ( da, land) of the Kingdom of Denmark, takes place in a framework of a parliamentary representative democratic territory, whereby the premier (''Naalakkersuisut Siulittaasuat'') leads the cabinet, and of a multi-party system. There are around 10 members of the Cabinet, known as "Ministers" (''Naalakkersuisut''), all of whom are also heads of specific government ministries. The ministers are appointed by the Prime Minister. The Greenlandic government currently consists of 10 ministers including the Prime Minister. Executive power Executive power rests with a high commissioner, and a prime minister heads the Cabinet. The high commissioner of Greenland is appointed by the monarch (since 2011: Queen Margrethe II), and the prime minister is elected indirectly by parliament elections r ...
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Government Of Denmark
The Cabinet of Denmark ( da, regering) has been the chief executive body and the government of the Kingdom of Denmark since 1848. The Cabinet is led by the Prime Minister. There are around 25 members of the Cabinet, known as "ministers", all of whom are also heads of specific government ministries. The Cabinet has usually been composed of Ministers from two or more parties forming a coalition government. Still, most of these governments have been minority governments, relying on the support of still other parties. Cabinets are formally appointed by the Monarch. In practice, once a government has stepped down, there is a fixed set of rules for appointing an investigator (most often the future Prime Minister), with the job of trying to form a new government. The Prime Minister will lead the Cabinet by convention. Cabinets are named after the Prime Minister, although they may gain shorthand names (e.g. "VK Cabinet", for the recent Venstre–Conservative cabinet). As of 15 December ...
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Public Sector
The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, infrastructure, public transit, public education, along with health care and those working for the government itself, such as elected officials. The public sector might provide services that a non-payer cannot be excluded from (such as street lighting), services which benefit all of society rather than just the individual who uses the service. Public enterprises, or state-owned enterprises, are self-financing commercial enterprises that are under public ownership which provide various private goods and services for sale and usually operate on a commercial basis. Organizations that are not part of the public sector are either part of the private sector or voluntary sector. The private sector is composed of the economic sectors that are int ...
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