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1979 in economic history

The list "1979 in economic history" has been viewed 3 times.
This list has 6 sub-lists and 3 members. See also 1979, Economic history by year, 1970s in economic history
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  • 1970s energy crisis Subclass of energy crisis
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    The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, faced substantial petroleum shortages, real and perceived, as well as elevated prices. The two worst crises of this period were the 1973 oil crisis and the 1979 energy crisis, when the Yom Kippur War and the Iranian Revolution triggered interruptions in Middle Eastern oil exports.
  • 1979 oil crisis
    1979 oil crisis Worldwide increase in crude oil prices following the Iranian Revolution
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    The 1979 (or second) oil crisis or oil shock occurred in the world due to decreased oil output in the wake of the Iranian Revolution. Despite the fact that global oil supply decreased by only ~4%, widespread panic resulted, driving the price far higher. The price of crude oil more than doubled to $39.50 per barrel over the next 12 months, and long lines once again appeared at gas stations, as they had in the 1973 oil crisis.
  • The Nature of Mass Poverty
    The Nature of Mass Poverty 1979 book by John Kenneth Galbraith
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    The Nature of Mass Poverty is an economics book by John Kenneth Galbraith published in 1979, in which Galbraith draws on his experiences as ambassador to India to explain the causes for and solutions to poverty. He begins by differentiating so-called "case poverty" of individuals (as detailed years earlier in The Affluent Society) from "mass poverty", largely observed in rural areas of the developing world.
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