Equus premiered in 1973, near the beginning of a decade largely characterized in Britain by crisis and economic decline. Recovering from the ruins of World War II, Britain slowly built prosperity on a moderately socialist model. Many private institutions were nationalized, but the foreign debt tripled. The Labour government of the late-1960s lost ground due to the eroding economic situation, especially the monetary devaluation crisis of 1967, in which the country's currency dropped precipitously against other world markets.
Although the economy improved slightly in 1969, the Conservative Party rose to power in the election of 1970. Regarding foreign policy, the disastrous Suez Crisis of 1956, in which England lost control of the vital Suez Canal shipping passage, suggested strongly that Britain was no longer a major world power. Since the height of the British Empire in.....
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