History
The Independence Party was founded on 25 May 1929 through a merger of the Conservative Party and the Liberal Party. It readopted the name of the historical Independence Party, which had split between the Conservatives and Liberals in 1927. From its first election, in 1931, it was the largest party in Iceland.
The Independence Party won the 2007 elections, increasing their seat tally in the Althing by 3. It formed a new coalition government under Haarde with the Social Democratic Alliance, after their current coalition partner, the Progressive Party, lost heavily in the elections.
In the 2009 elections, the Independence Party dropped from 25–26 to 16 seats in the Althing, becoming Iceland's second-largest party following the Social Democratic Alliance (which gained two seats, to 20.)
Read more about this topic: Independence Party (Iceland)
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“All history is a record of the power of minorities, and of minorities of one.”
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“the future is simply nothing at all. Nothing has happened to the present by becoming past except that fresh slices of existence have been added to the total history of the world. The past is thus as real as the present.”
—Charlie Dunbar Broad (1887–1971)