1970's: In the Western world, social progressive values that began in the 1960's, such as increasing political awareness and political and economic liberty of woman, continued to grow. The hippie culture, which started in the latter half of the 1960's, waned by the early 1970's and faded towards the middle part of the decade, which involved opposition to the Vietnam War, opposition to nuclear weapons, the advocacy of world peace, and hostility to the authority of government and big business. The environmentalist movement began to increase dramatically in this period.In the United Kingdom the 1979 elections resulted in the victory of its conservative party under Margaret Thatcher. Industrialized countries, except Japan experienced an economic recession due to an oil crisis caused by oil embargoes by the Organization of Arab Petroleum Exporting Countries. The crisis saw the first instance of stagflation which began a political and economic trend of the replacement of Keynesian economic theory with neoliberal economic theory, with the first neoliberal governments being created in Chile where a military coup led by Augusto Pinochet took place in 1973.