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Unemployment in the United Kingdom the highest unemployment rate recorded since 1971 was 11.9% in 1984 and the lowest was 3.4% in late 1973/early 1974.
The economy in the 1970's?
How the Great Inflation of the 1970s Happened. It's the 1970s, and the stock market is a mess. It loses 40% in an 18-month period, and for close to a decade few people want anything to do with stocks. Economic growth is weak, which results in rising unemployment that eventually reaches double-digits.
Remember the stock market only corrected 40% back then. That was without internet. The world is much more connected now. This is going to be messy.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
Did anything noteworthy happen back in 1973 which may also have had an impact on the UK at all?
(apart from me being born that is)
Northern Ireland sovereignty referendum (the "Border Poll"): 98.9% of those voting in the province want Northern Ireland to remain within the United Kingdom. Turnout is 58.7%, although less than 1% for Catholics. This is the first referendum on regional government in the U.K.
Provisional Irish Republican Army bombs explode in Whitehall and the Old Bailey in London.
Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.
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