How many countries comprise the region that includes a country where North Sea oil was discovered in the 1970s?
Economic history of Scotland The economic history of Scotland charts economic development in the history of Scotland from earliest times, through seven centuries as an independent state and following Union with England, three centuries as a country of the United Kingdom. Before 1700 Scotland was a poor rural area, with few natural resources or advantages, remotely located on the periphery of the European world. Outward migration to England, and to North America, was heavy from 1700 well into the 20th century. After 1800 the economy took off, and industrialized rapidly, with textile, coal, iron, railroads, and most famously shipbuilding and banking. Glasgow was the centre of the Scottish economy. After the end of the First World War in 1918, Scotland went into a steady economic decline, shedding thousands of high-paying engineering jobs, and having very high rates of unemployment especially in the 1930s. Wartime demand in the Second World War temporarily reversed the decline, but conditions were difficult in the 1950s and 1960s. The discovery of North Sea oil in the 1970s brought new wealth, and a new cycle of boom and bust, even as the old industrial base had decayed.
Eurasia Eurasia is a combined continental landmass of Europe and Asia. The term is a portmanteau of its constituent continents (Europe & Asia). Located primarily in the Northern and Eastern Hemispheres, it is bordered by the Atlantic Ocean to the west, the Pacific Ocean to the east, the Arctic Ocean to the north, and by Africa, the Mediterranean Sea, and the Indian Ocean to the south. The division between Europe and Asia as two different continents is a historical social construct, with no clear physical separation between them; thus, in some parts of the world, Eurasia is recognized as the largest of five or six continents. In geology, Eurasia is often considered as a single rigid megablock. However, the rigidity of Eurasia is debated based on the paleomagnet data.