Resolution
Finally, the resolution of the crisis came after a series of talks in London between the British Prime Minister Neville Chamberlain and de Valera, who was accompanied by Lemass and James Ryan. An agreement to reach an acceptable settlement was drawn up in 1938. Under the terms of the three year Anglo-Irish Trade Agreement all duties imposed during the previous five years were lifted. Although the period of the Economic War resulted in severe social suffering and heavy financial loss for Ireland, its outcome was publicised as favourable. Ireland was still entitled to impose tariffs on British imports to protect new Irish industries. The treaty also settled the land annuities question by a one-off payment to Britain of £10m., a compromise representing 40 years' payments paid up front, instead of being paid annually over the next 47 years. It also included the return to Ireland of the Treaty Ports which had been retained by Britain under a provision of the 1921 Treaty. With the outbreak of World War II in 1939 the return of the ports allowed Ireland to remain neutral.
Read more about this topic: Anglo-Irish Trade War
Famous quotes containing the word resolution:
“A resolution to avoid an evil is seldom framed till the evil is so far advanced as to make avoidance impossible.”
—Thomas Hardy (1840–1928)
“Unfortunately, many things have been omitted which should have been recorded in our journal; for though we made it a rule to set down all our experiences therein, yet such a resolution is very hard to keep, for the important experience rarely allows us to remember such obligations, and so indifferent things get recorded, while that is frequently neglected. It is not easy to write in a journal what interests us at any time, because to write it is not what interests us.”
—Henry David Thoreau (1817–1862)
“Compared to football, baseball is almost an Oriental game, minimizing individual stardom, requiring a wide range of aggressive and defensive skills, and filled with long periods of inaction and irresolution. It has no time limitations. Football, on the other hand, has immediate goals, resolution on every single play, and a lot of violence—itself a highlight. It has clearly distinguishable hierarchies: heroes and drones.”
—Jerry Mander, U.S. advertising executive, author. Four Arguments for the Elimination of Television, ch. 15, Morrow (1978)