Cumann Na nGaedheal and the Economy (Leaving Cert History): Flashcards

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Cumann Na nGaedheal and the Economy
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Leader of Cumann na nGaedheal

W.T. Cosgrave

Years Cumann na nGaedheal in power

1922 to 1932

Economic model promoted by Cumann na nGaedheal

Laissez-faire

Economic policy Cumann na nGaedheal abandoned

Protectionism

Year of Ultimate Financial Agreement

1926

Year of Currency Act & currency it established

1927; Saorstát Pound

Saorstát Pound pegged to which currency

British Pound at par value

Body created to manage Irish currency in 1927

Currency Commission

Year Agricultural Credit Corporation (ACC) established

1927

Purpose of Agricultural Credit Corporation (ACC)

Provided loans to farmers for land improvement, equipment & agricultural needs

Patrick McGilligan's ministerial role

Minister for Industry and Commerce

Official name of Shannon Scheme

Ardnacrusha Hydroelectric Scheme

Year Shannon Scheme construction began

1925

German firm contracted for Shannon Scheme

Siemens-Schuckert

Year Shannon Scheme completed

1929

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