Christianity was driven through the new west from the east and brought revival to churches.
You are right you got the right answer
<span>
Stagflation, price control. Keynesian policies were failing. The oil
crisis showed the stupidity of price controls. The stagflation showed
that an increase in the money supply does not increase wealth.
In the 70s we still had Vietnam, we had Nixon, there was Watergate,
Gerald Ford, Paul Volcker raising interest rates to 20% in the Federal
Reserve, government bailing out Chrysler. </span>
Answer:
D. OPEC actions
Explanation:
The downfall of the US oil industry in the 1980s was caused by a reduced demand for oil caused by the energy crises of the 70s and with this reduced demand, there became an oil glut, because the production was also increased.
Therefore, this downfall of the oil industry in America in the 1980s was caused by increase in oil prices by OPEC (Organisation of Petroleum Exporting Countries).
