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:
“The chief lesson of the Depression should never be forgotten. Even our liberty-loving American people will sacrifice their freedom and their democratic principles if their security and their very lives are threatened by another breakdown of our free enterprise system. We can no more afford another general depression than we can afford another total war, if democracy is to survive.”
—Agnes E. Meyer (1887–1970)