Word: 1970s
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Dates: during 2000-2009
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...Some time around the 1970s, the car business had its first unimaginable crisis due to big cars and expensive gas. Since those car companies didn't learn anything from that experience, there have been episodic auto sector crises since then. And the whole world knows now what this inability to learn from their mistakes has done to the car companies. (See the 50 worst cars of all time...
...European holiday destination, Majorca has gone through a few reinventions. It began the last century among Spain's poorest regions, became one of the classiest vacation spots on the Mediterranean in the 1920s, exploded as a package-tourism destination in the 1970s, and ended the century as the most expensive part of Spain, a favorite hangout for stars such as Michael Douglas and Claudia Schiffer...
...electric-car industry peetered out during the Roaring 20s when owning a car became more of a convenience and less of a luxury. Rising fuel costs and the fear of exhausting fuel supplies gave rise to various electric vehicle prototypes in the 1960s and 1970s such as the Vanguard-Sebring CitiCar, which was a boxy, even more miniature version of its miniscule Indian predecessor, the REVA, one of the world's best-selling electric cars. One of the most important changes those cars exhibited was a reliance on fuel cells, which produce electricity from some form of fuel (hydrogen, hydrocarbons...
...born in San Francisco, but Bruce Lee is the ultimate hometown hero to the people of Hong Kong. The martial arts movie star was one of the first Chinese celebrities to achieve an international following, putting Hong Kong's film industry on the map in the early 1970s with kung fu classics like Fist of Fury and Way of the Dragon. His grace, brashness and fame gave Hong Kong residents a superstar who was one of their...
...budget choices were getting tougher in the 1970s, Europe faced similar dilemmas and took a different course. While Americans rejected new taxes and new domestic programs, Europeans elected governments that introduced higher taxation, mainly value-added taxes, to cover the rising costs of health care, education, infrastructure, poverty relief and international-development aid. Ultimately, the Europeans restrained excessive growth in the welfare state in order to maintain global competitiveness and rebalance their economies and succeeded in sustaining the public-private partnerships and welfare-state benefits...