Problems in NI 1920-1925: The Economy Flashcards
1
Q
Post-War Slump
A
> Unemployment of over 100,000 (exacerbated by discrimination of Catholics)
Few contracts given to NI Companies
2
Q
Costs
A
> Imperial Contribution of £8 million was placed on NI
>Security Expenditure drain on NI budget
3
Q
The Boycott
A
In 1921 Sinn Fein organised a “Belfast Boycott” Island wide which only further crippled the already ailing economy
4
Q
Solved?
A
The Colwyn Committee 1924-1925 reduced the Imperial Contribution, freeing up money for the government to spend on Welfare that was much needed.
BUT
The government had “few of the levers” of economic policy (Jackson), they could not solve the underlying problems in the economy as a result that caused unemployment.
