The Quartz Crisis, also known as the Quartz Revolution is a term used in the watchmaking industry to refer to the economic upheavals caused by the advent of quartz watches in the 1970s and early 1980s, which largely replaced mechanical watches. It caused a decline of the Swiss watchmaking industry, which chose to remain focused on traditional mechanical watches, while the majority of world watch production shifted to Asian companies who embraced the new technology.
Read more about Quartz Crisis: Swiss Hegemony, Technological Revolution, The Rise of Quartz in The 1970s, The Renaissance and The Swatch
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“Without metaphor the handling of general concepts such as culture and civilization becomes impossible, and that of disease and disorder is the obvious one for the case in point. Is not crisis itself a concept we owe to Hippocrates? In the social and cultural domain no metaphor is more apt than the pathological one.”
—Johan Huizinga (1872–1945)