In the 1970s, the supply of gas was affected by price controls imposed by the Nixon administration and then by an oil embargo by Arab members of the Organization of Petroleum Exporting Countries (OPEC).
As a political move aimed at pleasing voters, President Richard Nixon announced in 1971 (prior to his reelection campaign of 1972), "I am today ordering a freeze on all prices and wages throughout the United States.” The wage and price controls the Nixon administration sought to put in place interfered with natural market forces and oil supplies were reduced. That problem was magnified in 1973 when oil exporting countries in the Arab world imposed an embargo on supplies to the United States due to US support of Israel in a war that Israel was fighting against a coalition of Arab states.
Both factors -- lingering efforts at price controls and continued control of the oil and gas market by OPEC nations -- played into the long lines at gas pumps seen in America in the 1970s.
Answer:
A- The mule
Explanation:
during the early industrial revolution from 1760-1851 which is the change from agricultural to industrial society. the mule technological invention allowed the British to undersell high quality handmade Indian cloth.
The correct answer: Break Islamic rule
<span>The pre-condition which had to be accomplished on the iberian peninsula before portugal and spain could unify internally as nations is to break Islamic rule. It is so because most of the iberian is controlled by the Moors, an Islamic people who conquered most of Spain and Portugal. Without the Moors removed, the rulers of both Spain and Portugal are nothing more than usurpers to power, guerillas if you will.</span>
Answer: There was continued diffusion of crops and pathogens throughout the Eastern hemisphere along the trade routes.
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Explanation:
Answer:
Inflation raises prices, lowering your purchasing power. It also lowers the values of pensions, savings, and Treasury notes. Assets such as real estate and collectibles usually keep up with inflation. Variable interest rates on loans increase during inflation.
Explanation:
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