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When Ireland did default on repayments.

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  • 21-10-2011 4:47pm
    #1
    jonniebgood1
    Registered Users Posts: 3,577 ✭✭✭


    Given all the attention in the last year on the disaster that would follow any Irish default on its 'obligations' it may be interesting to look at a previous era when we did just that. OK its a different situation and a different time but it also is an interesting series of events. The economic war is relatively well known but the period leading up to it is also interesting showing how in the years before 1932 momentum built up against the annuities.
    In the mid-1920s the annuities issue slowly emerged as a source of contention and political mobilisation. Substantial arrears had built up during the Troubles, and the Irish state set about retrieving them in 1925–6. A new law was passed in 1926 giving the Land Commission additional powers to seize animals and goods in lieu of payment; thousands of civil bills were issued, and many farmers feared for their futures. http://www.historyireland.com/volumes/?id=115131

    Prominent figures involved in this issue and mentioned in this are Colonel Maurice Moore and Peadar O’Donnell. It may be interesting to look at their roles and how they fitted in around the annuities story and also whether the issue was affected by the wall street crash?


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