...governments funded large infrastructure projects during this period. Here the redevelopment of Norrmalm and theStockholm Metro, Sweden. The post–World War II economic expansion, also known as the postwar economic boom, the long boom, and the Golden Age of Capitalism, was a period of economic prosperity in the mid-20th century which occurred, following the end of World War II in 1945, and lasted until the early 1970s. It ended with the collapse of the Bretton Woods system in 1971, the 1973 oil crisis, and the 1973–1974 stock market crash, which led to the 1970s recession. Narrowly defined, the period spanned from 1945 to 1952, with overall growth lasting well until 1971, though there are some debates on dating the period, and booms in individual countries differed, some starting as early as 1945, and overlapping the rise of the East Asian economies into the 1980s or 1990s. During this time there was high worldwide economic growth; Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment. Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as Greece (Greek economic miracle), West Germany (Wirtschaftswunder), France (Trente Glorieuses), Japan (Japanese post-war economic miracle), and Italy (Italian economic miracle). ------------------------------------------------- Terminology In academic literature, the period is frequently...
Words: 3190 - Pages: 13
...Crisis in the 1970s and 1980s During the 1950s and 1960s, Europe experienced a period of prosperity. Harold Macmillan gives a sense of just how well these times really were when he says, “Let us be frank about it: most of our people have never had it so good,” (Judt, 324). As political parties moved more towards a common center, rather than towards extremism, a rebirth of democracy was created, underlined by growth and full employment. The support for social democratic ideas flourished along with the prosperity of the 1950s and the 1960s in Western Europe. This time was characterized by conservative individualism and economic growth through regulated capitalism (Mazower, 327). With the help of the Marshall Plan, a global market was encouraged among the European Community. Europe began to prosper, as economics were structured more towards a consumer society. To provide for this new consumer society, unemployment rates in the 1950s and 1960s naturally were low, at about 4-5% (Dr. Shearer - lecture), and therefore created an increase in the productivity of the European worker. When compared to the previous eighty years, labor productivity in Western Europe rose by three times between 1950 and 1980 (Judt, 326). However, as this prosperity continued, problems eventually began to arise. The prosperity of the 1950s and 1960s gradually evolved into a crisis of “post modernity” (Mazower, 328). A gradual increase in the prices over time during the 1950s and 1960s introduced a new...
Words: 2155 - Pages: 9
...The significant and new cultural attitudes that emerged in the 1960s were a reflection of the recognition by the dominant majority that racial and ethnic prejudice had no place in society that drowned itself on equality of opportunity. Martin Luther King Jr., an African American, started the Black Revolution of the 1960s with a nonviolent civil rights movement. In August 1963, some two hundred fifty thousand Americans, black and white, came together on the nation’s capital to achieve racial justice in what was known as the March on Washington. There, King gave his “I Have a Dream” speech, one of the most well known events in history. Northern blacks in cities campaigned against segregated public schools, demanding that their kids be accepted...
Words: 850 - Pages: 4
...Second Wave Feminism: 1960s In the early 1960s, many middle- and upper-class white women begin to question their domestic roles—a phenomenon that becomes known as “the problem that has no name.” In the late 1960s, a culture of revolution emerges, with protests against the Vietnam War, formation of the first lesbian separatist communities, student protests in Europe, guerrilla movements in Latin America, liberation struggles in Africa, a cultural revolution in China, and a tide of socialism and Marxism. This culture fuels the strength of the women’s movement going into the 1970s. Height of the Movement: 1970s In the 1970s, women convene consciousness-raising groups to educate about gender oppression, create community, and share common experiences. The first women’s studies departments are developed at universities, and the United Nations designates the 1970s the “Women’s Decade.” However, some black women challenge the women’s movement as failing to acknowledge non-white concerns, and many become disillusioned. Lesbian feminists challenge the women’s movement to reconsider their attitudes toward the nuclear family, calling upon women to become “political lesbians” and stop “sleeping with the enemy.” Backlash Era: 1980s The 1980s and the Reagan years saw a backlash against feminism and the defeat of the Equal Rights Amendment. 1973: In Roe v. Wade and Doe v. Bolton, the Supreme Court declares that the Constitution protects women's right to terminate an early pregnancy, thus making...
Words: 423 - Pages: 2
...greatly and some bands which are still paving the way for the future of southern rock music. Southern rocks origins lie mainly in the American South. In the 1950's many Southern Rock stars came about such as Elvis Presley, Buddy Holly, Little Richard and Jerry Lee Lewis but however in the 1960's British invasion and the rise of folk, and psychadelic rock shifted the focus away from Southern Rock and the rural south and to large cities like Liverpool, London, New York, and San Francisco. Although this shift changed interests in rock in the late 1960's bands revived roots of southern rock such as Creedence Clearwater Revival, and The band. Creedence Clearwater Revival was among the best southern rock group in the 1960's. Also known as Creedence or CCR consisted of a lead guitarist, lead vocalist, and songwriter. Also rhythm guitarist Tom Fogerty, bassist Stu Cook, and drummer Doug Clifford. Their musical style infused roots rock and swamp rock genres but overall portrayed a southern rock style singing about popular elements of Southern Icons such as the Mississippi river, bayous and catfish. Creedence Clearwater Revival's music is still a staple in America's and worldwide airplay. In their early career Creedence suffered a setback when John Fogerty and Doug Clifford were drafted into the military service. Fogerty enlisted in the Army Reserve and Clifford the Coast Guard Reserve. By 1969, Fogerty and Clifford...
Words: 442 - Pages: 2
...GSICS Working Paper Series Infrastructure Development for the Economic Development in Developing Countries: Lessons from Korea and Japan Byoungki KIM No. 11 November 2006 Graduate School of International Cooperation Studies Kobe University Infrastructure Development for the Economic Development in Developing Countries: Lessons from Korea and Japan Byoungki KIM Abstract Infrastructure is indispensable to achieve the main development targets in developing countries, such as urbanization, industrialization, export promotion, equitable income distribution, and sustainable economic development. Late developing countries can benefit from previous development experience provided they choose the right model1. However, the relationship between infrastructure and economic growth is still frequently debated. This paper will examine the experience of Korea and Japan in infrastructure development for economic growth to acquire some valuable lessons that infrastructure development contributes to economic development in developing countries. 1. Introduction The lack of infrastructure is hindering the economic growth in many developing countries2. Infrastructure investment has the effects of contributing to increase the productivity and it is expected to contribute to future economic growth in developing countries where infrastructure is still insufficient. Therefore, infrastructure development is one of the most integral parts of the public policies in developing countries...
Words: 11379 - Pages: 46
...1970s From Wikipedia, the free encyclopedia Jump to: navigation, search "Seventies" redirects here. For decades comprising years 70–79 of other centuries, see List of decades. From left, clockwise: U.S. President Richard Nixon doing the V for Victory sign after his resignation from office after the Watergate scandal in 1974; Refugees aboard a US naval boat after the Fall of Saigon, leading to the end of the Vietnam War in 1975; The 1973 oil crisis put the nation of America in gridlock and caused economic damage throughout the developed world; Both the leaders of Israel and Egypt shake hands after the signing of the Camp David Accords in 1978; The 1970 Bhola cyclone kills an estimated 500,000 people in the densely populated Ganges Delta region of East Pakistan (which would become independent as Bangladesh in 1971) in November 1970; The Iranian Revolution of 1979 ousted Mohammad Reza Shah Pahlavi who was later replaced by an Islamic theocracy led by Ayatollah Khomeini; The popularity of the disco music genre peaked during the middle to late 1970s. Millennium: | 2nd millennium | Centuries: | 19th century – 20th century – 21st century | Decades: | 1940s 1950s 1960s – 1970s – 1980s 1990s 2000s | Years: | 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 | Categories: | Births – Deaths – ArchitectureEstablishments – Disestablishments | The 1970s, pronounced "the Nineteen Seventies", refers to a decade within the Gregorian calendar that began on January 1, 1970, and...
Words: 11872 - Pages: 48
...women and their difficulties as there were basic rights which were being denied and discriminated against in the workplace during 1960 through 1980. As a setback that women faced in the 1960s and the early 1980s were that men realized what women were trying to do as much as they could, but men wanted to keep fully qualified women out of their workplace. During the early the 1960s, many changes were put in place to help women get to the top in a sense it would be fair to say that women as individuals have always been viewed as the underdog to a man especially in the workplace. Rex 1978 “stated that in the 1970’s women were heavily discriminated against when it came to what jobs they received and would the pay be equal to a what a man is paid”. Changes for women has progressed over time however in the 1960’s and 1970’s certain jobs like construction and policing made it hard for a woman to strive equally as a man in these types of fields during this time frame there were several activist that attempted to take a stand. Prophet Gail Cook addressed the issue of women being treated equally in the work field it is important to understand that changes that have been made to equal the playing field when it comes to a woman being treated equally to a man Sawhney stated that women have been denied basic rights and this has been occurring since before the 1960’s Changes that was effective and helped to succeed by more jobs being offered it opened up room for women to start applying for...
Words: 537 - Pages: 3
...Was permissive legislation in Britain in the 1960s and 1970s a response to social change or did it create it? In 1959, six years before becoming Labour’s Home Secretary, Roy Jenkins said that ‘the state should not impinge excessively on peoples private lives and personal morality’. Permissiveness is routed in this idea of a new relationship between society and the individual, representing ‘striking changes in public and private morals’. According to Andrews, social change began in 1956 with a ‘class initiative’, caused by rapidly growing affluence. The affluence of the 1950s is proven by the proportion of homeowners in England and Wales rising from 31% to 44% between 1951-60, representing vast economic growth. Many politicians, particularly those on the Left, believed that ‘the affluent society was directly responsible for the permissive society’. Rising affluence occurred amid the re-emergence of Conservative values in the post-World War Two period, with Brown claiming that ‘the 1950s were about perfecting Victorian values’. The conservatism of the 1950s gave the 1960s a cause for rebellion, creating the unique conditions for permissive legislation to be passed. This paper will focus on acts passed between 1967-1970, including the Abortion, NHS (Family Planning) and the Sexual Offences Acts of 1967, the Divorce Reform Acts (1969), and in 1970 the Matrimonial Property Act. These permissive acts symbolised the breakdown of Victorian and Christian morals, particularly surrounding...
Words: 3580 - Pages: 15
...Each year globally many millions of dollars are spent on training. It would seem reasonable to establish just how effective this training has been if only to help justify the budget. Evaluation techniques are not new, indeed the most influential early work on evaluation was performed in the USA during the 1940s by Tyler. Probably the most important aspect of Ralph W Tyler’s work was the realisation of the importance of objectives in designing an effective school curriculum. This early methodology can be defined as the scientific/experimental approach. The model emphasised the importance of knowing the educational standards of the individuals in the control group before the new education initiative took place and then determining the change that had taken place by measuring the difference in attainment after the educational intervention was completed. In other words the aim was to determine the effectiveness of the training by scientific means on the level of performance of the individual. Although there have been some critics of this methodology it has proved to be valuable in that organisations have been able to quantify the relationship between their corporate objectives (often expressed as key performance indicators (KPIs) today) and the training aims and objectives. The main criticism of the scientific/experimental approach is that the methodology is unable to take into account the unexpected or unintentional learning that can take place within a dynamic and changing...
Words: 797 - Pages: 4
...times. Specifically, the following periods are discussed: the pro-oil boom decade (1960-70); the period of the oil boom (1971 1977); the period of stabilisation and structural adjustment (1986 - 1993) and the period of guided deregulation (1994 -1998). GENERAL PERFORMANCE OF THE ECONOMY The Nigerian economy has had a truncated history. In the period 1960-70, the Gross Domestic Product (GDP) recorded 3.1 per cent growth annually. During the oil boom era, roughly 1970-78, QDP grew positively by 6.2 per cent annually - a remarkable growth. However, in the 1980s, GDP had negative growth rates. In the period 1988-1997 which con stitutes the period of structural adjustment and eco nomic liberalisation, the QDP responded to economic adjustment policies and grew at a positive rate of 4.0. In the years after independence, indus try and manufacturing sectors had positive growth rates except for the period 1980-1988 where indus try and manufacturing grew negatively by - 3.2 per cent and - 2.9 per cent respectively. The growth of agriculture for the periods 1960-70 and 1970-78 was unsatisfactory. In the early 1960s, the agricul tural sector suffered from low commodity prices while the oil boom contributed to the negative growth of agriculture in the 1970s. The boom in the oil sector lured labour away from the rural sector to urban centres. The contribution of agriculture to GDP, which was 63 percent in 1960, declined to 34 per cent in 1988, not because the industrial sector increased its...
Words: 592 - Pages: 3
...picked. The time period that I am going to focus of is 1970’s. The first cartorige I am going to talk about is Black pop. Black pop mostly came from 1960’s. That means that Black pop to grow form 1960’s Most of white listeners that listened to Black pop did not know who was singing. There were also white folks involved with Black pop. There are white fans,...
Words: 1133 - Pages: 5
...and are main contributor to Malaysia in mid 60’s . Before 1960s, policy of crop diversification due to narrow based economy. Rubber production face stiff competition from synthetic rubber. The rubber price went down and which was cheaper, had negatively affected the development of Malaysian rubber. The ready supply of this cheaper substitute led to the fall of rubber prices resulting in drastic reductions in incomes of those involved in rubber. Malaysia's foreign exchange and the general economy also suffered. The need to diversify the country's agricultural base was pressing and a crop diversification policy was inevitable to find better economic alternatives to rubber. RISDA in the meanwhile, sought to overcome the deficiencies of rubber smallholdings by organizing clusters to reap the benefits of economies of scale in rubber production. These programs invariably, improved the productivity of these commodities , its share declined to about 65 percent of total agricultural output (Lim, 1973). As a share of total national output, rubber fell from 38 percent to 15 percent. Although the successful diversification strategy consisted of a number of elements, the decision to increase the cultivation of oil palm in the 1960s was a very significant policy change and was a key component of agricultural diversification. Public and private investment in oil palm estates gained momentum from the 1960s. The Federal Land Development Authority (FELDA) spearheaded this...
Words: 1954 - Pages: 8
...groups. We commonly hear and refer to the civil rights movement of the 1960’s when speaking of social movements, however, another major social movement was taking place during this time period. The fight for women’s rights. The women’s movement of the 1960’s and 1970’s sparked the second-wave of the “feminist movement.” Feminism can be defined as “a theory and/or movement concerned with advancing the position of women through such means as achievement of political, legal, or economic rights equal to those granted men (Offen, Pg. 123).” There are still no clear origins for the word feminism...
Words: 1487 - Pages: 6
...Manufacturing Innovation: Lessons from the Japanese Auto Industry SEVERAL STUDIES published in the 1980s indicated that Japanese firms, led by Toyota, have achieved the highest levels of manufacturing efficiency in the world automobile industry. Physical productivity, which reflects the “throughput” speed for completing products and the amount of labor required, has been significantly higher than in most U.S. plants (although differences vary by company and U.S. firms have made improvements in recent years).1 Japanese auto producers have also demonstrated rates of inventory turnover (sales divided by work-in-process and finished goods, or the cost of goods sold divided by work-in-process) several times those of U.S. firms.2 (Inventory turnover is a useful measure of efficiency, since it reflects how well firms manufacture to meet market needs rather than production schedules. It also reflects how effectively they reduce the number of parts and semifinished goods; these add to operating costs and often cover up inefficient practices or process errors.) High productivity and other aspects of process efficiency, such as rapid inventory turnover, help solve a problem as old as mass production itself: that the conventional factory tends to produce huge lots of standardized components, while consumer markets demand a variety of products at low prices. Looking for the reasons Japanese companies have managed this problem so well, many authors cite the contributions of Japanese workers...
Words: 6065 - Pages: 25
