Plenty of events to choose from here:
https://en.wikipedia.org/wiki/1971
Highlights:
- "A new stock market index called the Nasdaq Composite debuts."
- "Starbucks, a major coffeehouse and outlet in worldwide, is founded in the U.S. State of Washington."
- "The U.S. ends its trade embargo of China."
- "President Richard Nixon declares the U.S. War on Drugs."
- "Southwest Airlines, a low-cost carrier, begins its first flights between Dallas, Houston, and San Antonio."
- "American President Richard Nixon announces his 1972 visit to China."
- "President Richard Nixon announces that the United States will no longer convert dollars to gold at a fixed value, effectively ending the Bretton Woods system. He also imposes a 90-day freeze on wages, prices and rents."
- "The United Nations General Assembly admits the People's Republic of China and expels the Republic of China (or Taiwan)."
- "Ray Tomlinson sends the first ARPANET e-mail between host computers.["
- "The People's Republic of China takes the Republic of China's seat on the United Nations Security Council (see China and the United Nations)."
- "The U.S. dollar is devalued for the second time in history."
These events can be grouped into categories:
- pro-deflationary (e.g., China rising, the first email message, Southwest)
- anti-working-class (War on Drugs)
- increasing financial speculation (NASDAQ)
- financial (end of Bretton Woods, US dollar devaluation)
- consumerism (Starbucks makes coffee cool and diverts billions from working-class savings)
I know that the site advocates the end of Bretton Woods as the main cause, but that event is just one in a spectrum of major arcs that had major emergences in the early 1970s after slow burns in the 50s and 60s.
https://en.wikipedia.org/wiki/1971
Highlights:
- "A new stock market index called the Nasdaq Composite debuts."
- "Starbucks, a major coffeehouse and outlet in worldwide, is founded in the U.S. State of Washington."
- "The U.S. ends its trade embargo of China."
- "President Richard Nixon declares the U.S. War on Drugs."
- "Southwest Airlines, a low-cost carrier, begins its first flights between Dallas, Houston, and San Antonio."
- "American President Richard Nixon announces his 1972 visit to China."
- "President Richard Nixon announces that the United States will no longer convert dollars to gold at a fixed value, effectively ending the Bretton Woods system. He also imposes a 90-day freeze on wages, prices and rents."
- "The United Nations General Assembly admits the People's Republic of China and expels the Republic of China (or Taiwan)."
- "Ray Tomlinson sends the first ARPANET e-mail between host computers.["
- "The People's Republic of China takes the Republic of China's seat on the United Nations Security Council (see China and the United Nations)."
- "The U.S. dollar is devalued for the second time in history."
These events can be grouped into categories:
- pro-deflationary (e.g., China rising, the first email message, Southwest)
- anti-working-class (War on Drugs)
- increasing financial speculation (NASDAQ)
- financial (end of Bretton Woods, US dollar devaluation)
- consumerism (Starbucks makes coffee cool and diverts billions from working-class savings)
I know that the site advocates the end of Bretton Woods as the main cause, but that event is just one in a spectrum of major arcs that had major emergences in the early 1970s after slow burns in the 50s and 60s.