Sociology
The terms ‘crisis of the 1970s’ is used to refer to:
declining profits and rising unemployment
the eradication of the welfare state
rising divorce rates and the decline of the traditional family
an unfortunate twist in fashion sensibility
declining profits and rising unemployment
The transformation of the British state during the 1980s was largely in response to what is known as the ‘economic crisis of the 1970s’. This occurred when the profitability of British industry declined, manufacturing industries collapsed and many companies went bankrupt. This led to high levels of unemployment, which in turn meant higher levels of expenditure from the welfare state, and so the crisis moved from economy to state. 599
declining profits and rising unemployment The transformation of the British state during the 1980s was largely in response to what is known as the ‘economic crisis of the 1970s’. This occurred when the profitability of British industry declined, manufacturing industries collapsed and many companies went bankrupt. This led to high levels of unemployment, which in turn meant higher levels of expenditure from the welfare state, and so the crisis moved from economy to state. 599
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