The OPEC oil embargo was an incident during which the 12 OPEC countries stopped exporting oil to the United States. The embargo sent the price of gas through the roof. Prices more than quadrupled from 1973-1974.
<u>Explanation</u>:
- OPEC was founded by Iran, Iraq, Saudi Arabia, Venezuela and Kuwait in 1960 with the main objective of raising oil prices. OPEC had little effect on oil prices but a rise in demand and a fall in U.S. oil production.
- Extracting oil and natural gas has decreased the quantity of the oil that the U.S. has to import, and added employment, investment, and development to the economy.
- The embargo played a role in stagflation. Oil discovery and refining is again a significant US industry.
I don't think anyone will write an essay for you. So do some research on your computer or phone. Make French one paragraph, Spanish one paragraph, and English one paragraph.
Eight presidents have died in office.
These presidents include William Harrison (illness), Abraham Lincoln (assassination), Zachary Taylor (illness), James Garfield (assassination), Warren Harding (illness), William McKinley (assassination), Franklin Roosevelt (illness), and John F. Kennedy (assassination).
It was one of the reasons the US joined the war. With that, the Germans and Central Power started to lose (they had no chances after the sinking and the Zimmermann telegram)
