HIST352 Lecture Notes - Lecture 5: Economic Democracy, Falklands War, Non-Interventionism
22 Dec 2016
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Theme 5: uncertainties and hard times: western europe in the 1970s and 1980s. 70s and 80s, both halves of europe, were decades of recession, social conflict rather than consensus, and of increasing pessimism (lowered expectations) End of the decades brought revolutionary restructure of political, economic, and societal landscapes. Wednesday closer in focus in changes in specific countries west germany, france, italy, spain, and. Portugal; then britain: monday britain led out of ww2 but also became a model under margaret thatcher. October 17, 1973 economic boom jolted to a halt oil producing exporting countries (opec) met in. Main reason for price rise had to do with their anger at the support of israel during the war. Stopped oil shipments entirely for several months to the u. s. and in europe (netherlands, etc. ) Catastrophe for european economies, most were and still are tied to middle eastern oil, or oil in general.
