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.
It helped people understand their surroundings to let them know which places were dangerous and which ones wernt
Answer:
Containment is a geopolitical strategic foreign policy pursued by the United States. It is loosely related to the term cordon sanitaire which was later used to describe the geopolitical containment of the Soviet Union in the 1940s.
Explanation:
Thomas Jefferson's greatest contribution to the American revolution was that he <span>drafted declaration of independence.</span>
Answer:
A
Explanation:
Gettysburg .is the turning point