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The Free State had the advantage, not possessed by Northern Ireland, of fiscal independence but the violence and disruption of the years 1919–1923 had caused a great deal of economic damage. As a result of the Civil War of 1922–23, the Free State started out with a very serious budget deficit, which was not fully cleared until 1931. [13]
In January 1999 Ireland was one of eleven European Union member states which launched the European Single Currency, the euro. Euro banknotes are issued in €5, €10, €20, €50, €100, €200 and €500 denominations and share the common design used across Europe, however like other countries in the eurozone, Ireland has its own unique ...
Ireland's economic history starts at the end of the Ice Age when the first humans arrived there. Agriculture then came around 4500 BC. Iron technology came with the Celts around 350 BC. From the 12th century to the 1970s, most Irish exports went to England. During this period, Ireland's main exports were foodstuffs.
Ireland is the second-largest island of the British Isles, the third-largest in Europe, and the twentieth-largest in the world. [10] Geopolitically, the island is divided between the Republic of Ireland (officially named Ireland), a sovereign state covering five-sixths of the island, and Northern Ireland, which is part of the United Kingdom.
The 1948 Act does not name the state "Republic of Ireland", because to have done so would have put it in conflict with the Constitution. [ 23 ] The government of the United Kingdom used the name "Eire" (without the diacritic ) and, from 1949, "Republic of Ireland", for the state. [ 24 ]
National wealth can fluctuate, as evidenced in the United States after the Great Recession and subsequent economic recovery. During periods when equity markets experience strong growth, the relative national and per capita wealth of the countries where people are more exposed on those markets, such as the United States and United Kingdom, tend ...
Today, the islands of Great Britain and Ireland contain two sovereign states: Ireland (alternatively described as the Republic of Ireland) and the United Kingdom of Great Britain and Northern Ireland. The United Kingdom comprises four countries of the United Kingdom. [40] All but Northern Ireland have been independent states at one point.
England has a rich history in areas such as architecture, tradition, art and sport and is home to over 1,600 museums, most free of charge to visit. [ 142 ] English Heritage is a governmental body with a broad remit of managing the historic sites, artefacts and environments of England.