The OPEC also known as the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo in the 1972. This was a result of US' support for the Israel during the Yom Kippur War. The embargo caused oil prices to rise fro dollars a barrel to near 12 dollars globally. It gave rise for US to develop its own oil generating capacity to sustain its energy sources.
By December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law, it stood as a classic example of compromise--a decentralized central bank that balanced the competing intrests of private banks and populist sentiment.
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One reason Renaissance art looks more lifelike than Medieval art is that it uses classical influences. Rather than being bogged down by religious dogma artists were free to explore the human and the secular through their art which led to a rebirth of classical methods of creating art.
The death of Kublai Khan in 1259 marked a major turning point because up to his death, the Mongol Empire was more or less constantly expanding. However, with his death, things started becoming worse and worse eventually as the empire became to big for one emperor to hold it.
