Can you tell me what it was like in the 1970's recession?

Kez100

Ah I remember the black and White tv!

Oldernotwiser

amcluesent wrote: »

Tellys were mostly black & white, .

Not in the 70s they weren't!

PasturesNew

Kez100 wrote: »

Ah I remember the black and White tv!

Mine still does that if I don't angle the aerial correctly

Generali

dottylotty wrote: »

:embarasse Ooops!

And is this one any different then? As I cant remember that one.....or maybe it was the 80's one I cant remember??? I was born in '75 so either way would have been young and carefree!

All I remember is loads of houses being repossessed, and Thatcher being PM...and this lead to a life long loathing of all things tory! (in our household), or perhaps that was always there anyway lol

Anyway I digress, and my politics is really rather pathetic to enter into any sort of discussion/debate

Is it worse this time round....theres certainly been a heck of a lot of business closures

There are some parallels between now and 1974. There was a banking crisis in 1974 (the Secondary Banking Crisis) that led to the nationalisation of at least one bank. Israel is also at war, albeit for rather different reasons to the Yom Kippur war in 1973.

PasturesNew

I do remember one occasion, I walked into the room and my dad was sat on the sofa leaning forward staring at the telly.

I said something and he said "SHUSH!!" - he was locked into watching whatever was on. No idea what it was. I wasn't interested in dull stuff and that looked like some dull stuff news announcement.

Then he started scrapping about and changing channels.

He said "If this is true, I've lost all my money". Now, we didn't have a lot but this really seemed to scare him.

It seems that what he was watching was a spoof saying something like the Bank of England had gone under, taking all banks with it. Or, maybe it was just his bank they were naming (NatWest).

Just a spoof ... then.

Generali

PasturesNew wrote: »

I do remember one occasion, I walked into the room and my dad was sat on the sofa leaning forward staring at the telly.

I said something and he said "SHUSH!!" - he was locked into watching whatever was on. No idea what it was. I wasn't interested in dull stuff and that looked like some dull stuff news announcement.

Then he started scrapping about and changing channels.

He said "If this is true, I've lost all my money". Now, we didn't have a lot but this really seemed to scare him.

It seems that what he was watching was a spoof saying something like the Bank of England had gone under, taking all banks with it. Or, maybe it was just his bank they were naming (NatWest).

Just a spoof ... then.

Pretty funny eh? Banks don't go bust...oh er hang on a sec......

mvengemvenge

If you mean the mid-70's, I remember all the blackouts and having candles everywhere.

If you mean the one that started 79/80, that was a terribly, terribly depressing period. I think 80/81 were the most depressing years of my life. On the other hand, if you were a hooray Henry, it was the start of your 'greed is good' decade.

PasturesNew

Before the current day, I wasn't aware of what was going on in the world outside of my own road. In fact, I usually didn't notice much there. I just bumbled through life. Work, sleep, work, sleep. You just plodded on.

It's only now I am realising all the crucial dates of downturns and realising that for some strange reason I always seemed to be in the wrong place at the wrong time. I seemed to hit recessions early and be buffeted about by them like flotsam and jetsam for a long time after they'd (on paper) finished.

I wonder where I sit now. At least, I think, I might have been on top of this one. By the power of the Internet and being able to check some things. I decided to sell my house. This was the first decision in my life that I have ever made based on things that appeared to be going on outside of my street - and for the first time thinking about how this might affect my then current position.

So. STR 2007. All peachey. Didn't expect the Govt to go slashing interest rates, that wasn't in the plan at all! So, next bad decision to be made will be my next job. I am now reverting to type and I will take the next job anybody offers me. I've always done that. I can't see a reason to not do it this time either. A bird in the hand and all that. The trouble is, once you're IN a job, it's very hard to change jobs for awhile. Firstly you can't easily ask for time off, secondly it's hard to get time off at fairly short notice anyway. Then having an interview eat up a whole valuable day off seems a bit of a waste when you get so few days off per year.

So we'll see. Phone rang today, might have an interview next week. 200 miles away. Not overly keen now to be honest ... but it's an interview, perchance a job. On the one hand I hope I don't get it, on the other hand it will cost me about £80 to go and take me a whole day so I'll be annoyed if I don't. And if I get it there's the whole cost of relocating. Firstly staying in a B&B, then finding somewhere to rent (dearer than here), the overlap of renting ... nothing's easy or cheap is it!

£5 says if I take that job I get laid off before the year's out! (Experience has taught me this is likely).

... I wonder where we'll all be this time next year.

dottylotty

Yes black n white telly's, 3 tv channels then the national anthem tune and the funny little girl with the stripes surrounding her; its all coming flooding back lol

I didnt realise that things were so bad in the 70's though! Its all very interesting to read and odd how I dont remember any of it, or of my mum struggling, though food was rarely a luxury but thats just the way it was. I guess you see things very differently when your a child, and my mum has since said she went without food to feed me and my brothers.
I dont think many of us realise what its like to truly struggle nowadays with all the luxuries we have become accustomed to; at least speaking for myself!

Oh...Pastures New, what does STR mean??
And good luck with the job hunting x

PasturesNew

dottylotty wrote: »

Oh...Pastures New, what does STR mean??
And good luck with the job hunting x

Thanks.

STR is Sold to Rent. I sold my house to rent for awhile. Many STRs sell as a gamble that house prices would fall and they'd be able to buy back in a bigger/better house for the same money, or the same sort of house cheaper. My story was a bit different. I was in an area where there were no jobs, I was in a house I didn't like and couldn't afford to run (never mind maintain and it had a LOT still to do on it). I saw what I thought was the house price crash coming and said to myself "If I don't sell this NOW, I will be trapped here for over 7 years before anybody comes and buys it from me - and I really can't afford to waste another 7 years of my life, especially at my age. I want a job, I want a life", so I sold it.... just in time. June 07.