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:
“The profession of magician, is one of the most perilous and arduous specialisations of the imagination. On the one hand there is the hostility of God and the police to be guarded against; on the other it is as difficult as music, as deep as poetry, as ingenious as stage-craft, as nervous as the manufacture of high explosives, and as delicate as the trade in narcotics.”
—William Bolitho (1890–1930)
“The poetry of heroism appeals irresistibly to those who don’t go to a war, and even more to those whom the war is making enormously wealthy. It’s always so.”
—Louis-Ferdinand Céline (1894–1961)