Many once profitable and famous Swiss watch houses became insolvent and/or disappeared. This completely upset the Swiss industry both economically and psychologically. In the 1970's and early 1980's, technological upheavals of the appearance of the quartz technology and a difficult economic situation resulted in the reduction in the size of the Swiss Industry. Employment fell from 90,000 to 28,000 from 1970 to 1988.By the 1960's American companies had gone out of business and were bought out by foreign interests. This crisis is referred to as the Quartz revolution. Due to microelectronics research for military and space programs, the United States took a technological lead in the making of the first quartz watch.With the exception of Timex, remaining traditional American watch companies went out of business and sold their brand name to foreign competitors.
With this being said, quartz watches have made their way into our lives with new styles, band designs and colors for us to enjoy wearing. the quartz watch will stand the test of time with the new and ever changing technology and new designs. It will be interesting to see what the watch industry will design next. As time passes, new designs and colors will intermingle with new technology to give us a new look in quartz watches.Most of us will be very pleased when we've got luxury Swiss watches in our own wrists. Swiss watch is quite famous due to classy type, high quality and exceptional accuracy and reliability. Most of us wish to own such a perfect watch. It isn't simply a time teller, but also the symbol of social status and personal style.
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