Germany is looking to invest, and the Austrians want to diversify their holdings to branch out from Italy.” Patrick McGilligan, the Minister of Industry, had countered.īoth men had merit, and that was the difficult needle to thread. Once we have it, we can use it to expand the Agricultural Credit Bank, perhaps even producing farm equipment domestically. That will drop unemployment and bring more foreign money in. We need to focus on our industrial sector. “We’re still not selling to the Union, not until they rescind the demand for land annuities, and they were our prime source for grain exports. The US is stuck in an economic depression, we have a real chance to capitalize on foreign sales.” Patrick Hogan, Minister of Agriculture, had advised. Farm industry exports are our biggest source of income, but if we don’t modernize we’ll be left behind. “We need to mechanize our agricultural sector. It was a small famine, but this one stung because every Irishman that hungered had in some way the Irish leadership to blame. Emergency food aid hadn’t worked as well as the Irish cabinet had hoped. Coal prices had skyrocketed and unemployment had risen, as had rates of illness due to hunger. With the Depression in the United States, incomes dried up and problems abounded in the rural sections of the country. Farmers and cattle ranchers had counted on the sale of their goods to Britain, roughly 90% of all trade went across the Irish Sea. Uninterested in negotiation, the Union had levied a 20% tariff on Irish goods, and Ireland itself responded by cutting the purchasing of English coal, under the Swift slogan: “Burn everything English except their coal.” It had certainly stung the Union, the economic devastation wrought by the war and the subsequent collectivization wrought unbelievable havoc on the agricultural sector, but Ireland had suffered as well. Collins had refused, citing the abolition of the British government had effectively caused the United Kingdom to cease to exist.
The Union had demanded that Ireland pay land annuities that had been guaranteed to Great Britain in the Anglo-Irish treaty. Ireland had mostly been treading water, feeding off the riches of trade with the Kaiserreich while rebuilding after the Ulster Uprising. Michael Collins had convened his cabinet on that first Monday to outline his plans for the new year. 6 January 1936 - Economic Committee Meeting, Dublin, Ireland.
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