Celtic Tiger Years

During the 1990s, many American technology companies set up in the Republic of Ireland. Many new jobs were created as a result of these new companies. For the first time in Irish history, thousands of people came to Ireland from other countries to look for employment.
Between the 1990s and the early years of the new century, Ireland became a much wealthier country. As a result of this boom in the economy, this period became known as the Celtic Tiger years. Thousands of new buildings were built all around the country.

New housing estate

Construction of a new housing estate.

Courtesy of the EPA

 

The condition of the economy began to change however, particularly during 2007, and by 2008 Ireland was no longer booming. Many countries around the world also had difficulties and found that their workers were losing their jobs as factories and companies began to close down. This time became known as a time of Global Recession.