From the perspective of world industrial development, when is the traditional industry obviously declining?

the decline of traditional industries occurred in the 197s, because the oil crisis caused by the Middle East War increased the cost of traditional manufacturing. However, the electronic industry represented by microelectronics and integrated circuits developed rapidly because of various needs. On the one hand, investment was diverted by the electronic industry, on the other hand, the cost increased and the profit rate decreased, which led to the decline of traditional industries.

as for the 195s, it was because of the influence of World War II that a large number of industrial bases were destroyed. However, with the end of the war, the restoration and reconstruction of a large number of infrastructure provided a broad market for traditional industries. In fact, the 195s was a period of recovery and development of traditional industries.