In 1973, New Zealand's export market was reduced when the United Kingdom joined the European Economic Community and other compounding factors, such as the 1973 oil and 1979 energy crises, led to a severe economic depression.
En 1973 o mercado de exportación de Nova Zelandia reduciuse cando o Reino Unido se uníu á Comunidade Europea, sumados outros factores, tales como a crise do petróleo de 1973 e a crise enerxética de 1979, levando a unha severa depresión económica.