Meaning: The quote touches on a significant shift in the music industry during the early 1970s, as recounted by musician Dave Van Ronk. In the early 1970s, the music scene experienced a notable transformation as record labels began to close down their acoustic music divisions and were no longer signing acoustic acts. This shift represented a departure from the previous trend, where the industry had been gradually moving away from promoting acoustic music.

During the late 1960s and early 1970s, popular music underwent a significant evolution. The rise of rock and roll, electric instruments, and amplified sound had a profound impact on the music industry. This shift led to a decrease in the promotion of acoustic acts and a greater emphasis on electric and amplified performances. As a result, record labels began to prioritize signing artists and bands that aligned with this new direction, leaving acoustic acts at a disadvantage in terms of securing record deals and exposure.

The quote also reflects the broader cultural and commercial changes that were taking place in the early 1970s. The music industry was experiencing a period of transition, with the emergence of new genres and styles that captured the public's attention. This shift in musical preferences had a direct impact on the types of acts that record labels were willing to sign and promote.

Dave Van Ronk, a prominent figure in the folk music scene, was well-positioned to observe and comment on this industry shift. As an acoustic musician, he likely faced the challenges of navigating a changing music landscape where his preferred style of music was no longer in high demand. His observations shed light on the struggles that many acoustic musicians faced during this period, as they found themselves sidelined by the evolving tastes and commercial priorities of the music industry.

The quote also speaks to the cyclical nature of trends in the music industry. While the early 1970s marked a decline in the promotion of acoustic acts, subsequent decades have seen a resurgence of interest in acoustic music, with artists and bands incorporating acoustic elements into their work and finding success in the industry.

In conclusion, Dave Van Ronk's quote encapsulates a pivotal moment in the music industry's history, where the shift away from acoustic music was keenly felt by musicians and fans alike. It serves as a reminder of the ever-changing nature of the music business and the challenges that artists face in adapting to evolving trends and industry dynamics. Despite the challenges faced by acoustic musicians in the early 1970s, the enduring appeal of acoustic music has persisted, demonstrating the cyclical nature of musical trends and the ongoing relevance of acoustic performances in the music industry.