In the end of XI century it was included over four and a half thousand agricultural court yard. The pasturable cattle breeding and a sea craft became the main occupation of the population. Agriculture had subsidiary value. Inhabitants required grain import. A considerable role played ìîðåõîäñòâî. In 1000 the Icelandic seafarers have reached coast of the North America. Character of settling of Iceland was defined by features of its social and political system. The leading part among settlers was played by representatives of a nobility who have come on island with numerous members of household, slaves and libertines. Again arriving immigrants lodged in possession notable ïåðâîïîñåëåíöåâ, it appearing under their patronage. The nobility had the big public influence in local handle as priests (gody) and heads of judicial meetings.In 930 year the public meeting - àëüòèíã for the first time has been called. In 931 year the first Icelandic law had been fixed division of Iceland into districts in which head stood gody. In second half Õ of century Iceland has been divided into four management areas (quarter). In XII century association ãîäîðíîâ in hands of the most powerful representatives of a nobility has started. Character of settling of island, disconnexion of Iceland from an external world, features of an economic life have caused durable safety of patrimonial traditions. In 1000 in Iceland the Christianity was accepted. However long time it could not supersede paganism definitively. Up to XIII century the political power has not been completely separated from the people. Ordinary free people - bonds were the main social stratum. This period of history is the democracy period. The isolated agricultural court yard was a basis of the Icelandic economy throughout the Middle Ages. During the first period after island settling in manors of prosperous bonds along with members of their families there lived slaves, servants and other dependent people. For large bonds small masters and libertines rented the earth.