A round of restructuring of capitalism starting with the deep recession in 1974-1975 following the oil shock of 1973 caused massive industrialization to occur.

Question

Quizplus · Accepted Answer

The statement is incorrect as the deep recession in 1974-1975 did not lead to massive industrialization, but rather to deindustrialization as many industries struggled and closed down.

A Round of Restructuring of Capitalism Starting with the Deep