Ireland's famine past

In the 1840's America was bombarded by Irish immigrants, but all of it was because of a potato famine that dismantled the country in every way, especially economically. I found this to be an important part Ireland's economic history because it directly impacted America as well and shows how one countries economic troubles can advert to another country. Firstly the destruction of the crops caused a ripple affect, "In the wake of the famine, the 19th century witnessed the de-industrialization of Ireland"(trincoll.edu). This lead to much of Ireland's population running for other more economically successful countries like America. Then with the exportation of agricultural crops diminished and caused return from it to suffer, making many business disappear. This major famine would keep Ireland behind until the turn of the century, but it would not be the last suffrage the nation would see. Though, if the potato famine was not to happen, it would have better prepared Ireland for future problems, because of how powerful economically the country was becoming before the famine.

This though, was an important part of the history in Ireland because of what it caused and if other countries looked back in their own history, they would see a large change in Irish immigrants and the affect it caused.

Household Economy

Everyone knows the one thing that drives the economy is the people of the country. People are the beginning of any economy, they work for funds and they spend funds, they get loans, pay loans, give money away, and they give all the power to the government to make the circle go constant. A countries cost of living could be the difference in a driving economy and a third world country with Ireland being no different. Ireland is dealing with a new blow to the cost of living with "Taxation for Irish expats as well as those living in Ireland are really quite significant and may well affect Ireland’s considered standing as a low taxation nation in which to live and work for example"(shelteroffshore.com). This with at hand with a realistically low tax on the citizens of the country may force many to find work elsewhere due to low pay.

The average income a person in Ireland is about 33 thousand, which could conclude per household in many situtations. Ireland have a steady incline on the average income has finally slowed down. The change in the recent decade was "15,128 to 28,035, a 61% change"(iariw.org). Now with the taxes changing and the pay rate not climbing in Ireland, the people are at risk of there way of life.