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Poverty in France has fallen by 60% over thirty years. Although it affected 15% of the population in 1970, in 2001 only 6.1% (or 3.7 million people) were below the poverty line (which, according to INSEE 's criteria, is half of the median income ).
By the late 1960s, France's economic growth, while strong, was beginning to lose steam. Due to the impact of the 1968 social upheaval on the French economy, speculators bet against the French franc. The financial pressure from currency outflows led the government to devalue the franc against the German mark and the US dollar in 1969.
The speech caused outrage in most of Canada and led to a serious diplomatic rift between the two countries. However, the event was seen as a watershed moment by the Quebec sovereignty movement In December 1967, claiming continental European solidarity, he again rejected British entry into the European Economic Community .
In the 1960s, the population remained relatively stable; the number of retired persons departing was matched by young persons arriving in Paris from other parts of France and abroad. Between 1968 and 1975, the number of new arrivals in the region dropped to 114,000, and between 1975 and 1982, the population of the region fell by 273,000.
In this particular regard, France has long had a problem with dealing with both its present and its historical memory, especially with respect to its colonial past and its role during World War II—especially significant, for instance, is the lack of attention around the Paris massacre of 1961 and the still ongoing controversy surrounding the ...
OpEd: This month marks the 60th anniversary of the “War on Poverty,” when President Johnson traveled to Inez, Ky. to make the case that the dire economic conditions faced too many Americans.
By the late 1960s, France's economic growth, while strong, was beginning to lose steam. A global currency crisis meant a devaluation of the Franc against the West German Mark and the U.S. Dollar in 1968, which was one of the leading factors for the social upheaval of that year. Industrial policy was used to bolster French industries. [158]
Strict rules govern the production of Salers cheese—and they can't be met because of this summer's poor weather conditions.