Raising money was one of the great successes of the Irish
government, as the funds provided the sinews of war with which to
fight Britain. This book details the history of the financing of
the Irish revolution from both domestic and international loans.
Divisions in Irish society over the Anglo-Irish Treaty and the
creation of the Irish Free State led to the outbreak of the Civil
War. The Free State's ability to deny the anti-Treaty forces access
to the loan funds through a ten-year court battle would prove a
powerful weapon in defeating the Republicans.
The Dail government depended on the loans to finance their
operations, and the failure of the anti-Treaty forces was due in
part to their shortage of funds. International complications arose
for the Free State when courts in Dublin and New York disagreed
over dispersal of the money. Upon his return to government office,
Eamon de Valera appealed to bond holders, particularly those in the
United States, to give the loan money to him to found an opposition
newspaper. Only when de Valera himself formed a government would
all of the bond money be repaid. These events would raise questions
of international law, and the results would shape Irish relations
with the United States for a decade.
General
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