Sean Lemass Flashcards
What were Lemass aims as Taoiseach
- To attract foreign investment
- Move government spending to productive purposes
- Limit Protectionism
- encourage free trade
What target did Lemass set
2% economic growth over a two year period
How did Lemass attract foreign companies
- Reduced protectionist Tariffs
- Offered grants foreign to establish production in Ireland
What was government capital spending to focus
Developing industry and agricultural expansion
What were the aims of capital spending
Increase employment and stabilise the balance of payments
How were the IDA a central figure
Promoted Irish exports industries by providing tax relief
Believed if the Irish economy was to grow had to be export led
What did the government cut spending on
Social housing and other social projects
How did Lemass’es government encourage foreign investment
- abandoning the control of manufacturers act 1932
- IDA attracted a number of foreign companies
- Lemass signed the General Agreement on Tariffs and Trade(GATT) an international agreement that reduced taxes and gave Ireland access to the worldwide market
Control of manufacturers act 1932
Stated new businesses had to partly Irish owned
What do d Lemass abandon
The Control of Manufacturers Act 1932
General Agreement on Tariffs and Trade (GATT)
An international agreement that reduced taxes and gave Ireland access to the worldwide market
What did Lemass sign in 1960
General Agreement on Tariffs and Trade (GATT)
What was Lemass responsible for
- Improving Ireland’s global connection
- Putting the First Programme for Economic Expansion into place
- Improving Ireland’s relations withe north
What did Sean Lemass launch
Economic and Social Research Institute (ERSI)
Who’s role was to carry out research into,social and economic development and offer advice to government on how to plan for future
Economic and Social Research Institute (ERSI)
Who’s role was to carry out research into,social and economic development and offer advice to government on how to plan for future
Who’s role was to carry out research into,social and economic development and offer advice to government on how to plan for future
Economic and Social Research Institute (ERSI)
What was there an increased spending on
The modernisation of Agriculture
What did Lemass do to the Irish foreign economy
Increase international trade between countries other than Britain
Irish economy became more open to foreign investment and free trade
Main achievements of Lemass’es government
- Unemployment fell by 30%
- Increased global trade Ireland became less reliant on Britain
- Population increased and emigration decreased
- Lemass signed the Anglo Irish Tree Trade Agreement
Anglo Irish free trade agreement
Gave Ireland access to Britain marked tax free
Why did the Lemass government succeed
Lemass’es willingness to accept new ideas
Reinvigorating his cabinet with younger ministers
