The right answer is A) Government loans gave the oil industry a second chance to boom
The first oil shock began in October 1973, when OPEC member Arab countries embargoed oil supplies to the United States, Japan, and Western Europe in retaliation for the occupation of Palestinian territories by the Israelis during the Yom Kippur War. The embargo forced some European countries and Japan to ration energy and led the world into recession. With the deficit in the supply of this commodity the American government intervened and fomented the economy so that it could survive the crisis that was instated and Texas petroleum became an improvised exit.
Answer:
The Second Continental Congress issued the Declaration of Independence
because they wanted colonists to be on the side of America. They also wanted encourage foreign nations to help them gain their independence from Britain.
Explanation:
Answer:
The Constitutional Convention took place from May 14 to September 17, 1787, in Philadelphia, Pennsylvania. The point of the event was decide how America was going to be governed. Although the Convention had been officially called to revise the existing Articles of Confederation, many delegates had much bigger plans.
Answer:When World War I erupted in 1914, President Woodrow Wilson pledged neutrality for the United States, a position that the vast majority of Americans favored. Britain, however, was one of America’s closest trading partners, and tension soon arose between the United States and Germany over the latter’s attempted quarantine of the British Isles. Several U.S. ships traveling to Britain were damaged or sunk by German mines, and in February 1915 Germany announced unrestricted warfare against all ships, neutral or otherwise, that entered the war zone around Britain. One month later, Germany announced that a German cruiser had sunk the William P. Frye, a private American vessel. President Wilson was outraged, but the German government apologized and called the attack an unfortunate mistake. But when it kept happening the US declared war of Germany sending the US in WWI.
Explanation:
