What is Quartz crisis?
'''Quartz crisis''' is the revolution in the [[watch]]making industry caused by the development of [[Quartz clock|quartz watch]]es in the 1970s and early 1980s. The quartz watches significantly replaced mechanical watches around the world. It caused the crisis of the [[Switzerland|Swiss]] watchmakers, which were focused on classical mechanical watches. The quartz watches appeared to be less expensive and more accurate than the mechanical ones. The quartz watches production was mostly located in [[Japan]] at that time. Such Japanese companies as [[Seiko]], [[Citizen (company)|Citizen]] and [[Casio]] were the first to introduce the market the new electronic technology.<ref>{{Cite web|last1=October 10|first1=Joe Thompson|last2=2017|title=Four Revolutions: Part 1: A Concise History Of The Quartz Revolution|url=https://www.hodinkee.com/articles/four-revolutions-quartz-revolution|access-date=2020-08-22|website=HODINKEE|language=en}}</ref> == References == {{reflist}} [[Category:Clocks]] [[Category:Economic history]]