The Conservative Party was a conservative

Conservatism

Conservatism is a political and social philosophy that promotes the maintenance of traditional institutions and supports, at the most, minimal and gradual change in society. Some conservatives seek to preserve things as they are, emphasizing stability and continuity, while others oppose modernism...

 political party in Iceland

Iceland

Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...

 that existed from 1924 to 1929. It was the first right-wing party in Iceland, and formed in opposition to the agrarian Progressive Party

Progressive Party (Iceland)

The Progressive Party is an agrarian, liberal and centrist party in Iceland. The party is a member of the Liberal International. Current chairman of the party is Sigmundur Davíð Gunnlaugsson. He was elected on January 18, 2009. His predecessor was Valgerður Sverrisdóttir, who only served as...

 and the left-wing Social Democratic Party

Social Democratic Party (Iceland)

The Social Democratic Party was an Icelandic Political Party based on social-democratic ideas. It was founded in 1916 as the political representation of the trade unions of Iceland....

. It supported the full independence of Iceland and separation from the Danish

Denmark

Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...

 crown. In 1929, it merged with the Liberal Party to form the Independence Party

Independence Party (Iceland)

The Independence Party is a centre-right political party in Iceland. Liberal conservative and Eurosceptic, it is the second-largest party in the Althing, with sixteen seats. The chairman of the party is Bjarni Benediktsson and vice chairman is Ólöf Nordal....

, which has remained the dominant centre-right

Centre-right

The centre-right or center-right is a political term commonly used to describe or denote individuals, political parties, or organizations whose views stretch from the centre to the right on the left-right spectrum, excluding far right stances. Centre-right can also describe a coalition of centrist...

political party since its foundation.