Irish bank strikes
description: series of industrial actions in 1966, 1970, and 1976 that closed Irish banks but led to the creation of alternative financial systems
3 results
Money: The Unauthorized Biography
by Felix Martin · 5 Jun 2013 · 357pp · 110,017 words
getting an objective view is an imposing one. Locating a case in which the official monetary system took a holiday, as it did during the Irish bank strike, might have been easy enough; and through it we learned something about the extent to which money really depends upon the state. If we wish
Before Babylon, Beyond Bitcoin: From Money That We Understand to Money That Understands Us (Perspectives)
by David Birch · 14 Jun 2017 · 275pp · 84,980 words
result that ‘no trade is managed but by trust’ (Levinson 2009). With trust, you don’t need cash, as demonstrated by the example of the Irish bank strikes (see page 108). The economy did not collapse in the absence of cash (which soon ran out), as personal cheques and IOUs provided the circulating
The Pay Off: How Changing the Way We Pay Changes Everything
by Gottfried Leibbrandt and Natasha de Teran · 14 Jul 2021 · 326pp · 91,532 words
sold the original notes for cash, which was used to fund the resistance. After the war all the loans were redeemed properly.5 During the Irish banking strike in 1970, the Republic’s economy survived largely on the basis of uncashable cheques. For more than six months, the population effectively printed its own