Éamon de Valera on a formal coalition agreement, something de Valera was unwilling to concede. However, while Fianna Fáil was six seats short of a majority, it was still by far the largest party in the Dáil, with 37 more TDs than the next largest party and rival, Fine Gael (the successor to Cumann na nGaedheal). Conventional wisdom held that de Valera would remain Taoiseach with the support of independent deputies. However, this was brought undone when the other parties realised that if they banded together, they would have one seat fewer than Fianna Fáil, and would be able to form a government
Éamon de Valera the UK in retaliation imposed economic sanctions against Irish exports. De Valera responded in kind with levies on British imports. The ensuing an "Economic War" which lasted until 1938. After advising King George V to dismiss McNeill as Governor-General, the King suggested McNeill instead carry on a while longer as viceroy and then resign, which he did on 1 November 1932. Subsequently, a 1916 veteran, Domhnall Ua Buachalla, was appointed Governor-General. To strengthen his position against the opposition in the Dáil and Seanad, de Valera directed the Governor-General to call a snap election in January 1933 and de Valera's party