Secondary Effects
Various secondary effects occurred, notably toilet paper panics in Japan and the United States; these were unfounded panics which became self-fulfilling prophesies, and are classic examples of the Thomas theorem. Price rises and unfounded rumors of a toilet paper shortage—based on oil being used in paper manufacturing—caused a panic and hoarding of toilet paper in late October and early November in Osaka and Kobe, among other cities. In the United States, Johnny Carson inadvertently caused a three-week panic when, on December 19, 1973, he read a news item regarding the U.S. government falling behind on bids for toilet paper and quipping that the nation faced a toilet paper shortage on The Tonight Show.
Read more about this topic: 1973 Oil Crisis
Famous quotes containing the words secondary and/or effects:
“A man may be defeated by his own secondary successes.”
—Woodrow Wilson (1856–1924)
“The best road to correct reasoning is by physical science; the way to trace effects to causes is through physical science; the only corrective, therefore, of superstition is physical science.”
—Frances Wright (1795–1852)