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Economy in the 1950s Protectionism imposing tariffs on imports Irish industry was inefficient Imports cost more than exports trade defecit Unemployment.

Jan 19, 2018

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Cody Maxwell

The Lemass Years
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Page 1: Economy in the 1950s Protectionism  imposing tariffs on imports Irish industry was inefficient Imports cost more than exports  trade defecit Unemployment.
Page 2: Economy in the 1950s Protectionism  imposing tariffs on imports Irish industry was inefficient Imports cost more than exports  trade defecit Unemployment.

Economy in the 1950s

• Protectionism – imposing tariffs on imports• Irish industry was inefficient• Imports cost more than exports – trade

defecit• Unemployment increased• 50,000 people emigrated every year during

1950s

Page 3: Economy in the 1950s Protectionism  imposing tariffs on imports Irish industry was inefficient Imports cost more than exports  trade defecit Unemployment.

The Lemass Years1959-66

Page 4: Economy in the 1950s Protectionism  imposing tariffs on imports Irish industry was inefficient Imports cost more than exports  trade defecit Unemployment.

• Donough O’Malley • Jack Lynch

Page 5: Economy in the 1950s Protectionism  imposing tariffs on imports Irish industry was inefficient Imports cost more than exports  trade defecit Unemployment.

The First Programme for Economic Expansion

Aim: To attract foreign industry into Ireland

How?• By offering them grants to set up here• No tax on profits• Providing the facilities needed by building

industrial estates• To give grants to Irish firms

Page 6: Economy in the 1950s Protectionism  imposing tariffs on imports Irish industry was inefficient Imports cost more than exports  trade defecit Unemployment.

01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28

Page 7: Economy in the 1950s Protectionism  imposing tariffs on imports Irish industry was inefficient Imports cost more than exports  trade defecit Unemployment.

Results – 1960s boom

• Many American, Japanese and British industries came to Ireland.

• Unemployment increased• Emigration decreased• The population increased for the first time

since the Famine

Page 8: Economy in the 1950s Protectionism  imposing tariffs on imports Irish industry was inefficient Imports cost more than exports  trade defecit Unemployment.

Anglo-Irish Free Trade Agreement, 1965

• Removed all tariffs on Irish industrial exports• Gradually removed tariffs on British imports

Result:Between 1960-68 over 600 firms set up in

Iteland

Page 9: Economy in the 1950s Protectionism  imposing tariffs on imports Irish industry was inefficient Imports cost more than exports  trade defecit Unemployment.

Free Education

Donough O’Malley• Free secondary education

for all children• Free school transport for all

second level pupils

Result:A well- educated workforce to fill the new jobs provided by foreign companies

Page 10: Economy in the 1950s Protectionism  imposing tariffs on imports Irish industry was inefficient Imports cost more than exports  trade defecit Unemployment.

North-South Relations

• Lemass visited O’Neill in Belfast

• Co-operation was encouraged in tourism and agriculture

• O’Neill returned the gesture by visiting Lemass in Dublin

Page 11: Economy in the 1950s Protectionism  imposing tariffs on imports Irish industry was inefficient Imports cost more than exports  trade defecit Unemployment.

RTÉ

• RTÉ first broadcast on 31 December 1961

• Change in attitude of society – exposure to British and American cultures

• Social issues were debated for the first time on The Late Late Show

Page 12: Economy in the 1950s Protectionism  imposing tariffs on imports Irish industry was inefficient Imports cost more than exports  trade defecit Unemployment.

The Catholic Church• In the early 1960s the

Catholic Church had a powerful influence over Irish society

Vatican Council 1958:• The debate within the

Church encouraged ordinary Catholics to question the teachings of the church

Pope John XXIII