Economic problems in W. Europe- 70s, 80s, and 90s

In Germany, their first Social Democratic chancellor, Willy Brandt, created a Basic Treaty with East Germany that called for “good neighborly” relations, which soon led to great cultural, personal, and economic contacts between West and East Germany. A discovery of an East German spy among Brandt’s advisors caused his resignation in 1974, and his successor, Helmut Schmidt took over. Schmidt concentrated primarily on the economic problems largely brought about by high oil prices between 1973 and 1975. In 1982, Helmut Kohl formed a new government in Germany after the coalition of Schmidt’s Social Democrats with the Free Democrats fell apart over the red

There were many major economic problems that plagued West during the 1970’s, 1980’s and 1990’s. The substantial increase in the price of oil that followed the Arab-Israeli conflict in 1973 was just the beginning of these problems. A worldwide recession had led to a decline in demand for European goods; there was an increase of unemployment, inflation, raised gas prices, and a decline in demand to repair European cities after World War Two. Germany, Great Britain, France and Italy all suffered from this economic recession, and all tried to deal with it in many ways; some successful and others not.

Italy also suffered from economic problems during the 1970’s and into the 1980’s and 1990’s. The Italian economy depended on imported oil as its chief source of energy, and Italy also had many political and social problems such as student unrest, mass strikes, and terrorist attacks. Italy did survive the crises of the 1970’s and in the 1980’s they began to experience remarkable economic growth, but political and social problems still remained. Italy suffered from many of the same problems as the rest of Western Europe, but less severely, due to other problems su

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