þjóðveldi
Þjóðveldi, literally meaning “commonwealth” or “people’s power,” refers to the Icelandic Commonwealth period in Icelandic history, roughly from the settlement of Iceland in the 9th and 10th centuries until the middle of the 13th century. It denotes a political system in which there was no central monarchy; governance rested with a national assembly and regional leaders rather than a single sovereign.
The key institution was the Alþingi, the national parliament established at Þingvellir around the year 930.
There was no centralized executive authority akin to a king. Government functioned through the collaboration of
The end of þjóðveldi came with the Old Covenant (Gamli sáttmáli) in 1262–1264, under which Icelandic affairs