Agricultural Depression
From 1873 to 1896 farmers in Britain and Ireland suffered the "Long Depression" with its lower prices. Grain from America was cheaper and better, and was exported to Europe in ever-increasing amounts. Meat could be sent in refrigerated ships from as far as New Zealand and Argentina. For many tenant farmers in Ireland this meant lower net incomes with which to pay the rents they had agreed. This impacted most on the poorer, wetter western parts of the island that also suffered from the 1879 famine. This provided the context and arguments for further legal reforms.
Read more about this topic: Irish Land Acts
Famous quotes containing the word depression:
“In the larger view the major forces of the depression now lie outside of the United States, and our recuperation has been retarded by the unwarranted degree of fear and apprehension created by these outside forces.”
—Herbert Hoover (1874–1964)