Shifting Currents (Culture 1973-1979)
The social extremes of the Oil Shock Period ranged from radical terrorism, ahistorical revision of the Pacific War, the emergence of several new genres of anime, and the birth of the video games industry.
Tag: oil crisis
Adapt and React (Economics 1973-1979)
To help mitigate the damage to Japan’s economy during the Oil Shock period, its government would engage in global economic forums, encourage conservation among consumers, and expand into new energy sources.
Toxic Shock (Politics 1973-1979)
The 1973 Oil Crisis had a devastating effect on Japan’s economy and led to a period of rapid political turmoil as the ruling LDP, for the first time in the party’s history, failed to obtain a simple majority of seats in the diet.
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