70's

In the Western universe of discourse, social progressive values that began in the 1960s, such as increasing policy-making awareness and political and scotch liberty of women, continued to grow. The hippie culture, which started in the last mentioned half of the 1960s, waned by the beforehand(predicate) 1970s and faded towards the shopping centre part of the decade, which involved opposition to the Vietnam struggle, opposition to nuclear weapons, the protagonism of world peace, and hostility to the authority of government and big business. The environmentalist movement began to increase dramatically in this period.
Industrialized countries, overlook Japan, experienced an economic recession due to an oil crisis caused by oil embargoes by the Organization of Arab Petroleum Exporting Countries. The crisis sawing machine the first instance of stagflation which began a political and economic shorten of the replacement of Keynesian economic theory with neoliberal economic theory, in with the first neoliberal governments being created in Chile, where a military coup led by Augusto Pinochet took place in 1973, and in the United Kingdom with the 1979 elections resulting in the victory of its hidebound Party under Margaret Thatcher in 1979.
The economies of much of the developing world continued to make steady progress in the early 1970s, because of the Green Revolution.



They might have thrived and become stable in the way that Europe recovered after World War II through the Marshall Plan; however, their economic exploitation was slowed by the oil crisis but boomed immediately after.
Developing nations that were affluent in oil experienced economic growth; others, not so endowed, saw the economic strain of oil hurt hikes lead to economic decline, particularly in Africa where a subroutine of moderately democratic states became dictatorial regimes. Many Middle eastern democracies turned into regimes with pseudo-democratic governments. Several Asian countries also saw the ascension of dictators, including Indonesia, Philippines, and South Korea.
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