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.
the strategy of "island hopping" was used by the United
States in the Pacific theater of world war two. Thought of by Douglas
MacArthur, "island hopping" was a strategy that u…sed the technique of
jumping from island to island on a chain to control the chain as a whole
vs attacking all the islands at once.
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Marco Polo traveled during the middle ages (AP period 3), for this the communication technology was not very advanced and Western Europe didn't really know the situation of East Asia and vice versa. When Marco Polo explained his travels to the Europeans of the greatness of China many Europeans decided to go and see for themselves if this greatness was indeed true. When the Europeans arrived in China they were very impressed and a new promotion of travel to China emerged, INCREASING China's economy.
Answer:
A national government is the government, or political authority, that controls a nation. At minimum, a national government requires a national army, enough power over its states or provinces to set and maintain foreign policy, and the ability to collect taxes.
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