Economy rises
Bond Bug ES 700 - 1973
It is a wedge-shaped microcar, with a lift-up
canopy and side screens instead of
conventional doors. Following the purchase
of Bond Cars Ltd., Reliant commissioned Tom
Karen of Ogle Design to design a fun car. The
Bond Bug was based on Chief Engineer John
Crosthwaite's newly designed chassis and
some Reliant Regal running gear. The original
concept was explored by chopping down a
production Regal vehicle, the rear of the car
being shortened to end over the rear axle.
This prototype could be seen for many years
later, languishing in the yard at the rear of
the factory, by anyone who cared to look
through the chain-link fence from the canal
towpath.
Fiat 126 - 1976
The Fiat 126 (Type 126) is a city car
introduced in October 1972 at the Turin Auto
Show as a replacement for the Fiat 500.
Some were produced in Bielsko-Biała, Poland
as the Polski Fiat 126p until 2000. It was
replaced by the front-engined Fiat
Cinquecento in 1993.
The 126 used much of the same mechanical
underpinnings and layout as its Fiat 500 rear-
engined predecessor with which it shared its
wheelbase, but featured an all new bodyshell
closely resembling a scaled-down Fiat 127.
Honda N600 - 1970
The Honda N360 is a kei car, designed and
built by Honda and produced from March
1967 through 1970, while the larger N600
was marketed through 1973. After a January
1970 facelift, the N360 became the NIII360
and continued in production until 1972.
1970-1979
In the 21st century historians have increasingly portrayed the decade as a "pivot of change" in world history focusing especially on the economic
upheavals. In the Western world, social progressive values that began in the 1960s, such as increasing political awareness and political and economic
liberty of women, continued to grow. In the United Kingdom the 1979 elections resulted in the victory of its Conservative Party under Margaret Thatcher,
the first and to date only female British Prime Minister. Industrialized countries, except Japan, experienced an economic recession due to an oil crisis
caused by oil embargoes by the Organization of Arab Petroleum Exporting Countries. The crisis saw the first instance of stagflation which began a
political and economic trend of the replacement of Keynesian economic theory with neoliberal economic theory, with the first neoliberal governments
being created in Chile, where a military coup led by Augusto Pinochet took place in 1973.
Novelist Tom Wolfe coined the term "'Me' decade" in his essay "The 'Me' Decade and the Third Great Awakening", published by New York magazine in
August 1976 referring to the 1970s. The term describes a general new attitude of Americans towards atomized individualism and away from
communitarianism in clear contrast with the 1960s.
In Asia, affairs regarding the People's Republic of China changed significantly following the recognition of the PRC by the United Nations, the death of
Mao Zedong and the beginning of market liberalization by Mao's successors. Despite facing an oil crisis due to the OPEC embargo, the economy of Japan
witnessed a large boom in this period, overtaking the economy of West Germany to become the second-largest in the world. The United States withdrew
its military forces from their previous involvement in the Vietnam War which had grown enormously unpopular. In 1979, the Soviet Union invaded
Afghanistan which led to an ongoing war for ten years.
The 1970s saw an initial increase in violence in the Middle East as Egypt and Syria declared war on Israel, but in the late 1970s, the situation in the
Middle East was fundamentally altered when Egypt signed the Egyptian–Israeli Peace Treaty. Anwar El Sadat, President of Egypt, was instrumental in the
event and consequently became extremely unpopular in the Arab World and the wider Muslim world. He was assassinated in 1981. Political tensions in
Iran exploded with the Iranian Revolution in 1979 which overthrew the Pahlavi dynasty and established an Islamic republic of Iran under the leadership
of the Ayatollah Khomeini.
The economies of much of the developing world continued to make steady progress in the early 1970s, because of the Green Revolution. They might
have thrived and become stable in the way that Europe recovered after World War II through the Marshall Plan; however, their economic growth was
slowed by the oil crisis but boomed immediately after.
Photos mainly by Matti Kreivilä. Historical facts and technical details of the vehicles provided by Wikipedia. Movies YouTube.