FF and the Economy - Key Details (Leaving Cert History): Flashcards

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FF and the Economy - Key Details
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De Valera's main focus as FF leader

Foreign relations & Anglo-Irish affairs, not economy

3 key ministers managing FF's economy

MacEntee (Finance), Lemass (Industry), Ryan (Agriculture)

FF's main economic goals

Protect industry, use resources, reduce UK reliance, stop annuities

Protectionism definition

Shielding domestic industries from foreign competition

Ireland's trade policy status in 1932

One of few in W. Europe still with free trade

Annual land annuities amount from 1926

£3 million per year

When FF stopped paying land annuities to Britain

July 1932

Economic war between Ireland & Britain

Trade conflict from mutual tariffs after annuities dispute

Britain's response to non-payment of annuities

Imposed taxes on Irish cattle, butter, poultry

FF's agricultural shift in 1930s

From cattle farming to crop growing

Year Ireland's Central Bank established

1942

Industrial Credit Corporation (ICC) founded

1933 - to help new companies with investment advice

Turf Development Board (Bord na Móna) founded

1934

Unemployment Assistance Act passed

1933 - helped people needing medical care

Coal-Cattle Pact signed with Britain

Jan 1935 - allowed Irish cattle exports for British coal

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