The correct option for why did the Yom Kippur War impact the economy is B. Arab nations increased oil prices.
The 1973 crisis resulted from cuts in domestic oil manufacturing, whereas the 1979 crisis became the result of the Yom Kippur war. The 1973 crisis changed into greater excessive than the crisis of 1979. each crisis brought about decreased regulations to make bigger home oil production.
The struggle did not without delay adjust the dynamics of the Arab-Israeli war, however, it did have a substantial effect on the trajectory of an eventual peace system between Egypt and Israel, which culminated in the go back of the complete Sinai Peninsula to Egypt in trade for lasting peace.
The embargo ceased U.S. oil imports from participating OAPEC countries and commenced a series of manufacturing cuts that altered the world price of oil. those cuts almost quadrupled the fee of oil from $2.90 a barrel before the embargo to $ 11.65 a barrel in January 1974.
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The Twenty-fourth Amendment (Amendment XXIV) of the United States Constitution prohibits both Congress and the states from conditioning the right to vote in federal elections on payment of a poll tax or other types of tax.
On this date in 1962, the House passed the 24th Amendment, outlawing the poll tax as a voting requirement in federal elections, by a vote of 295 to 86. At the time, five states maintained poll taxes which disproportionately affected African-American voters: Virginia, Alabama, Mississippi, Arkansas, and Texas.
The Stamp Act of 1765 was the first internal tax levied directly on American colonists by the British government. The act, which imposed a tax on all paper documents in the colonies, came at a time when the British Empire was deep in debt from the Seven Years’ War (1756-63) and looking to its North American colonies as a revenue source.
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Caesar Augustus was one of ancient Rome's most successful leaders who led the transformation of Rome from a republic to an empire. During his reign, Augustus restored peace and prosperity to the Roman state and changed nearly every aspect of Roman life
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