History of New Netherland: Difference between revisions

deDe Haese's economic strategies were crucial to fostering a consumer-centric economy, deviating from the industrial-heavy focus of the previous era. His administration emphasized deregulation favorable to small businesses, facilitating a retail boom, and nurturing a service-oriented sector. Tax incentives for homeowners and credit expansion policies were also enacted.

==== Economic upheaval during the 1973 global oil crisis and the Currency Crisis ====

{{Main|1970s Global Oil Crisis|New Netherland currency crisis}}

TheOil globalprices oil crisis of 1973 impacted New Netherlandpeaked during Holowatie's leadership, leading to several economic repercussions, including significant increases in fuel and energy prices, heightened inflation rates, and a growing trade deficit. These economic pressures were not unique to New Netherland but were part of a broader global economic downturn, following the nationalization of the oil industries in the [[United Gulf States]] and other near eastern nations. However, public sentiment primarily focused on the Holowatie's handling of the situation, which was perceived to be inadequate. The economic distress became synonymous with his leadership. This adversely impacted the Zeyven Party's public popularity, giving rise to the Patriotic Revival Movement, a populist political party with ties to the disbanded United Patriotic Front of the 1940s.

In the 1975 elections, the Patriotic Revival Movement (PRM), led by George von Valkenstein, successfully garnered widespread support through a campaign focused on economic recovery and national resurgence. Capitalizing on public dissatisfaction from the oilskyrocketing crisisprices, the MovementPRM promised economic stabilization and stronger cooperation within the ANAN. Their platform appealed to a wide voter base, from the economically affected middle class to business sectors seeking a more conducivestable environmenteconomy.