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]
2 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]2 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
Which of the following best explains how Hawaii become a US territory?
Mice21 [21]
Answer:a is the answer
4 0
3 years ago
Read 2 more answers
Which of the following were controversial measures passed through Congress in 1798? Select all that apply.
Westkost [7]
It would have to be the naturalization act and the land boundary act
8 0
2 years ago
Read 2 more answers
Under the Florida constitution Florida voters have the power to
alisha [4.7K]

Answer:

Under the Florida constitution, Florida voters have the power to recall any state official from his or her position initiate laws and hold referendums on existing laws change the state legislature to a unicameral system amend the state constitution only once per year.

7 0
2 years ago
The world's largest<br> rain forest is found in the (3).
kkurt [141]
Amazon !!!!............
3 0
2 years ago
Which author proposed the theory of "natural selection," which other people called "survival of the fittest"? A. Charles wingspa
3241004551 [841]
The author who proposed the theory of "natural selection," which other people called "survival of the fittest" was named Charles Darwin. These two ideas are the founding basis of the theory of evolution.
7 0
2 years ago
Read 2 more answers
Other questions:
  • Which does not describe a change that took place between 1800 and 1821 to the boundaries of the United States?
    8·1 answer
  • The power imbalance among northern and southern representatives due to the Three-Fifths Compromise changed the nature of the Uni
    15·2 answers
  • Which describes the events that occurred at Woodstock, New York in August 1969?
    8·2 answers
  • At the Constitutional Convention, what was the name given to the plan that took elements of both the New Jersey and Virginia pla
    14·2 answers
  • First answer gets BRAINLIEST
    11·1 answer
  • Pls help me if u can ;)
    6·2 answers
  • Please, help me.
    5·1 answer
  • I REALLY NEED THIS. PLEASE HELP ASAP.
    5·2 answers
  • Evaluate the causes of the growth of slavery in thc Americas between 1521 and 1700
    11·1 answer
  • Maglahad ng pangyayari sa tunay na buhay ayon sa karunungang bayan
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!