The involvement of the United States in Yom Kippur War led into an oil embargo that shocked everyone. The price of oil are shockingly high from $3 to $12 in no time. The supply were not equally given to the demand of the consumers.
Answer:
E. it aided the election of Ulysses Grant to the presidency in 1868.
Explanation:
Following the end of the Civil War, fifteen amendment was passed in 1870, which extended the voting rights to African-Americans. It states that no government or state shall deny the voting rights of the citizens of the country based on their color, race or previous condition of servitude. The amendment proved vital for the reelection of the Republican party.
The election of 1800 was fiercely contested and facilitated the rise of the two-party system and bitter partisanship.
Upon entering office, Jefferson focused on reducing the national debt he had inherited from his predecessors. His administration lowered excise taxes while slashing government spending. Additionally, the Jefferson administration reduced the size of the Navy, ultimately bringing the national debt down from $83 to $57 million. Foreign developments, however, including the intensification of piracy along the Barbary Coast, would necessitate the rebuilding of the Navy and its establishment as a permanent part of the US government.
Jefferson dealt with two major challenges to US authority: piracy along the Barbary Coast of North Africa, and British impressment, which resulted in Jefferson instating a mass embargo of European goods, the Embargo Act of 1807.
Jefferson authorized the Louisiana Purchase, which effectively doubled the territory of the United States.
The French and Indian War began in 1754 and ended with the Treaty of Paris in 1763. The war provided Great Britain enormous territorial gains in North America, but disputes over subsequent frontier policy and paying the war's expenses led to colonial discontent, and ultimately to the American Revolution.
During the early 1800s, America was a young nation whose political and economic structure was not as strong as it is today. As a result America had to face crop, insuarance and banking failures together with drops in the price of the cotton and the stock market and a crisis of credit and cash. It brought what was known as the economic panics.
