The Worst Decade of Most Industrialized Countries Economy

Topics: Great Depression, Canada, United States Pages: 2 (449 words) Published: January 29, 2013
The 1970s were perhaps the worst decade of most industrialized countries' economic performance since the Great Depression ,Although there was no severe economic depression as witnessed in the 1930s, economic growth rates were considerably lower than previous decades. As a result, the 1970s adversely distinguished itself from the prosperous postwar period between 1945 and 1973. The oil shocks of 1973 and 1979 added to the existing ailments and conjured high inflation throughout much of the world for the rest of the decade. U.S. manufacturing industries began to decline as a result, with the United States running its last trade surplus (as of 2009) in 1975. In contrast, Japan's economy continued to expand and prosper during the decade, boosted by growing exports. the eighties - culture -

Members only jackets were crazy popular in the 1980's as well as parachute pants , fingerless gloves , oversized shirts, stirrup pants The promotion of multicultural media in Canada began in the late 1980s as the multicultural policy was legislated in 1988.[74] In the Multiculturalism Act, the federal government proclaimed the recognition of the diversity of Canadian culture.[74] Thus, multicultural media became an integral part of Canadian media overall. Upon numerous government reports showing lack of minority representation or minority misrepresentation, the Canadian government stressed separate provision be made to allow minorities and ethnicities of Canada to have their own voice in the media. The national anthem of Canada O Canada adopted in 1980 The homicide rate in Canada peaked in 1975 at 3.03 per 100,000 and has dropped since then; it reached lower peaks in 1985. On April 12, Terry Fox dipped his right (prosthetic) foot into the Atlantic Ocean at St. John's, Newfoundland, to begin his Marathon of Hope: a cross-Canada run to raise money for cancer research. On September 1 (Labour Day), after running the equivalent of a marathon a day, Terry made the heart-wrenching...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Discuss the Impact of Newly Industrialized Countries on the Global Economy. Essay
  • The Economies of Less Developed Countries Essay
  • Most Significant Events of Each Decade Essay
  • Nic Newly Industrialized Countries Essay
  • Most dangerous countries with nuclear power Essay
  • Bric Countries and Their Role in the World Economy Essay
  • Essay about Economy Letter
  • Essay on Characteristics of Newly Industrialized Countries and Less Developed Countries and the Impact of Transnational Firms

Become a StudyMode Member

Sign Up - It's Free