In the 1970s, the nation experienced an oil boom. How did this affect Louisiana's economy?

History

1 answer:

romanna [79]2 years ago

7 0

By 1986, shops on Canal Street were closed and windows were boarded up and colorfully painted. Just a decade earlier,

But by the mid-1980s, one in eight workers was unemployed in Louisiana, the highest unemployment rate in the nation. The cruelest impact was on families, as fathers left their children and wives.

One of the biggest hits fell on the small bayou communities that had thrived in the 1970s. In Morgan City, one in four were jobless.

As oil prices dropped – as low as $10 a barrel – some pessimists said Louisiana’s heyday as a prosperous and carefree supplier of energy was over forever. Even if prices rebounded, they said, the Gulf was running out of recoverable oil. But technology proved them wrong, as new deepwater drilling techniques allowed energy companies to find oil and gas in ways that would not have been imaginable just 25 years ago.

You might be interested in

In the early 1800s why did large numbers of immigrants move to the western frontier

Ket [755]

Answer: Gold rush

Explanation: in 1848 james w. Marshall found gold at sutters mill in coloma, California The news of gold brought approx 300,000 people to California(aka Western frontier) from The rest of the United States and abroad. Including immigrants

3 0

2 years ago

Which change in the West was brought about by railroad expansion?

Olin [163]

The greatest change in the West that was brought about by railroad expansion was a drastically increased population size, since people could now claim land and travel far more easily.

7 0

3 years ago

During world war ii nearly one-third of all military equipment made during the war was manufactured by the ______________.

Darina [25.2K]

Your answer would be <span>automobile industry.

hope this helps [:
</span>

7 0

2 years ago

2. Focusing on African-Americans, Discuss how and why African-Americans began to challenge and criticize the nation’s way of lif

Snowcat [4.5K]

Answer:

The black civil rights movement in the United States has gone down in history as an example of a heroic struggle against flagrant injustice. Indeed, people who opposed racial segregation were not brave enough, and many of them, including Martin Luther King, paid their lives for their beliefs. However, the success of the movement was due not only to the personal qualities of fighters for equality, but also to purely economic reasons. Moreover, when the demands of black Americans went beyond economic feasibility, the Black movement began to suffer defeat and significantly weakened. It all started with the fact that yesterday's slaves were given freedom and immediately were subjected to depriving it..

In December 2016, the 60th anniversary of the victory of the Montgomery transport company boycott, from which the Black Civil Rights Movement began, was celebrated. Later it led to the abolition of the segregation system based on the laws of Jim Crow. In the city of Montgomery, Alabama, black residents (about 50,000 people) entered a massive targeted struggle, overcoming the hatred of racists and the hostility of local authorities.

The system that developed in the South was contrary to the main principle of a growing consumer society, according to which the consumer should be happy when he makes a purchase, when he goes into a store, when he gets in a new car. But in the context of segregation of a black consumer, it was as if they deliberately made him hate a store, a product, a manufacturer, a seller, and a country in which his human dignity was humiliated daily.

Explanation:

7 0

2 years ago

Read this excerpt from Nelson Mandela's speech at trial in 1964:

inn [45]

Answer:

What were the problem of people in the primitive age

7 0

2 years ago