Telling the Economic Story of the Major Years in 2009 : the Example of the 1990-1992 Recession

This article underlines how the 2008-2010 recession is shifting our perception of the economic history of the Major Years and uses one of the new intellectual spaces thus created to return to an examination of the 1990-1992 recession. Its major characteristics (e.g. the pattern of unemployment, the...

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Dans:URI:https://journals.openedition.org/osb,
Auteur principal: Lincoln, Andrew
Format: Article ou chapitre numérique
Langue:Anglais
Publié: Observatoire de la société britannique 2011
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Accès en ligne:Accès Université d'Orléans et IFPM
Accès Université d'Orléans et IFPM
Description
Résumé:This article underlines how the 2008-2010 recession is shifting our perception of the economic history of the Major Years and uses one of the new intellectual spaces thus created to return to an examination of the 1990-1992 recession. Its major characteristics (e.g. the pattern of unemployment, the incidence of negative equity) highlighted the fundamental changes that had taken place under Thatcherism (e.g. the severe contraction of the secondary sector, the deregulation of financial services, the increase in owner-occupancy) but the recession also had its own impact on the mutations taking place, accelerating, notably, the decline of manufacturing.