The Anglo-Irish Trade War (also called the "Economic War") was a retaliatory trade war between the Irish Free State and the United Kingdom (UK) lasting from 1932 until 1938. It involved the refusal of the Irish Government to continue to reimburse Britain with the "land annuities" derived from financial loans granted by Britain to Irish tenant farmers to enable them purchase lands under the Irish Land Acts during the previous half century, a provision which was part of the 1921 Anglo-Irish Treaty. This resulted in the imposition of unilateral trade restrictions by both countries, which caused severe damage to the Irish economy.
The "war" had two main aspects:
- Disputes surrounding the changing constitutional status of the Irish Free State vis-a-vis Britain; and
- Changes in Irish economic and fiscal policy following the Great Depression.
Read more about Anglo-Irish Trade War: Protective Policy, Treaty Dismantled, Conflict Deepens, Coal-Cattle Pact, Effect On Irish Elections, Resolution, Long-term Effects
Famous quotes containing the words trade and/or war:
“Is there something in trade that dessicates and flattens out, that turns men into dried leaves at the age of forty? Certainly there is. It is not due to trade but to intensity of self- seeking, combined with narrowness of occupation.... Business has destroyed the very knowledge in us of all other natural forces except business.”
—John Jay Chapman (1862–1933)
“Newspaperman: That was a magnificent work. There were these mass columns of Apaches in their war paint and feather bonnets. And here was Thursday leading his men in that heroic charge.
Capt. York: Correct in every detail.
Newspaperman: He’s become almost a legend already. He’s the hero of every schoolboy in America.”
—Frank S. Nugent (1908–1965)