1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Shalnov [3]
3 years ago
5

How did the oil embargo place on the united states by the OPEC negatively impact the US

History
1 answer:
Sedaia [141]3 years ago
8 0

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.
You might be interested in
In addition to being the leader of Egypt, what role did the pharaoh play?
Vinil7 [7]
The pharaoh played the priests and the god and
the king
4 0
4 years ago
How did the cotton gin increase cotton production?
djverab [1.8K]
<span>In 1793, Eli Whitney invented a simple machine that influenced the history of the United States. He invented a cotton gin that was popular in the South. The South became the cotton producing part of the country because Whitney's cotton gin was able to successfully pull out the seeds from the cotton bolls.</span>
5 0
3 years ago
Read 2 more answers
Which of the following terms describes the way that one branch of government limits the power of the other two branches? a. fede
kifflom [539]
Checks and balances is the answer

5 0
3 years ago
How did Britain think of India? Select all that apply.
sukhopar [10]

Answer:

B and E

Explanation:

India had had its resources taken by the British for training most famously the case with the British East India Company basically controlling parts on India with its own army. Queen Victoria of England had considered India as the crowns biggest jewel.

C may also be correct but I don't know how Britain saw it.

7 0
3 years ago
How has increased globalization affected women status in the world economy?
Vedmedyk [2.9K]
Globalization has influenced growing western influence on women having more rights across places where women rights are more restricted. Globalization has allowed ideas to freely flow between different parts of the world, empowering women. 
4 0
4 years ago
Read 2 more answers
Other questions:
  • Which country was declared a US protectorate under the Platt Amendment
    5·2 answers
  • In which area does congress most often defer to the executive?
    13·1 answer
  • Samuel Slater was important to the industrialization of America because he A. designed the first water wheel. B. used his knowle
    12·2 answers
  • How is Hammurabi’s government a theocracy
    14·1 answer
  • According to Taoism, where can the Tao be found?
    11·1 answer
  • Theodore Roosevelt earned The Nobel Peace Prize in 1906 for helping to negotiate a peace treaty to end the war between
    6·2 answers
  • The judicial branch has the power to manage conflicts about
    10·1 answer
  • HW pls help???
    9·1 answer
  • What country owned the land before France?
    7·1 answer
  • What role did money, both trying to make it and not having any, play into the
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!