- Africa
The 'Ivorian miracle'
Liberal, export-led growth built on cocoa and coffee and close ties to France made Côte d'Ivoire one of the most prosperous states in sub-Saharan Africa, with Abidjan a thriving commercial hub.
Era: The Ivorian miracle and the long Houphouët-Boigny era
Sources: History of Côte d'Ivoire · Encyclopædia Britannica, History of Ivory Coast (1960–99) · Wikipedia, Background Notes: Cote d'Ivoire · U.S. Department of State
- North America
U.S. embargo made comprehensive
President Kennedy expands the trade embargo to cover nearly all commerce with Cuba and makes it permanent.
Era: The Revolution and the Cold War
Sources: The Bay of Pigs Invasion and its Aftermath, April 1961-October 1962 · U.S. Department of State, Office of the Historian
- Asia
Abu Dhabi exports its first oil
After commercial oil was struck in Abu Dhabi from 1958-1960, the first cargo of crude was exported from Das Island in 1962, beginning the transformation of the emirates' fortunes.
Era: The Fall of Pearls, the Rise of Oil, and Federation
Sources: History (Discover UAE) · Embassy of the United Arab Emirates, Washington DC, History of the United Arab Emirates · Encyclopaedia Britannica
- Asia
Postwar economic miracle
Hosting the Tokyo Olympics symbolizes Japan's recovery as it becomes an industrial powerhouse during decades of rapid, sustained growth.
Era: Postwar Japan: Reconstruction and the Modern Nation
Sources: Occupation and Reconstruction of Japan, 1945-52 · U.S. Department of State, Office of the Historian, Japan · Encyclopaedia Britannica
- Africa
Diamonds discovered at Orapa
De Beers geologists locate a major diamond kimberlite pipe at Orapa, the find that would transform Botswana's economy.
Era: Independence, Diamonds and Democracy
Sources: Orapa diamond mine · Wikipedia, Diamonds to development: Botswana's post-independence economic growth · The Boar
- Asia
Oil exports begin
Oman began exporting oil in commercial quantities, the start of the revenue that would later finance the country's modern transformation.
Era: Decline, British Influence and Isolation
Sources: Oman: Restoration of Omani rule · Encyclopaedia Britannica, Oman: The early period · Encyclopaedia Britannica
- Europe
'Goulash communism' and the New Economic Mechanism
János Kádár's reforms admitted limited market forces and private enterprise, giving Hungarians a relative prosperity and freedom unusual in the Soviet bloc.
Era: Communism, 1956 and the Return to Europe
Sources: János Kádár · Encyclopaedia Britannica
- Africa
Debswana partnership formed
Botswana and De Beers form a 50-50 joint venture to mine diamonds, securing for the state a direct share of mineral wealth.
Era: Independence, Diamonds and Democracy
Sources: Orapa diamond mine · Wikipedia, Diamonds to development: Botswana's post-independence economic growth · The Boar
- Europe
Oil discovered at Ekofisk
Phillips Petroleum struck oil at the Ekofisk field in the North Sea, confirmed on Christmas Eve 1969; the discovery transformed Norway into a wealthy petroleum state with a vast sovereign wealth fund.
Era: Oil Wealth, the European Question and the Arctic Boundary
Sources: The discovery which changed Norway – Ekofisk · Norwegian Petroleum Museum (industriminne)
Economy & Trade in the 1960s
Every event in the Terralore archive tagged economy and trade — trade, currency, industry and resources, narrowed to the 1960s — 9 of them, drawn from 8 nations, running from 1960 to 1969. Each entry keeps the sources it was verified against and links back to the chronicle it came from.
- Events
- 9
- Nations
- 8
- Earliest
- 1960
- Latest
- 1969
- Africa
- 3
- Asia
- 3
- Europe
- 2
- North America
- 1
Every entry below is the same record, with the same sources, as the one on its nation’s chronicle.