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.
As general terms, Indian Territory, the Indian Territories, or Indian country describe an evolving land area set aside by the United States Government for the relocation of Native Americans who held aboriginal title to their land. In general, the tribes ceded land they occupied in exchange for land grants in an area purchased by the United States federal government from Napoleonic France, the Louisiana Purchase. The concept of an Indian Territory was an outcome of the 18th- and 19th-century policy of Indian removal. After the Civil War, the policy of the government was one of assimilation.
Answer: I'm almost 100% sure that the 2nd one is correct, but I would wait for another opinion as well.
Explanation:
