It should be the first option: nation-state
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.
The Treaty of Versailles Yes, I think that the Treaty of Versailles was very fair to Germany. I think this because Germany deserved something bad in return for even starting the war. It was not fair to Germany how they did not really have a say on what went on in with the Treaty of Versailles. Germany should have known this was going to happen to them. They caused many men to become hurt, and even be killed by their own stupidity. Using the Schliffen Plan might of been good on their part,but in reality that was not a very good move for them. Continuing on and looking at Europe. Europe was destroyed and that should all be put on Germany's shoulders for that because Europe did not deserve anything of what happened to them. I would also have to say that I mostly agree with what Woodrow Wilson had to say. He said that Germany should pay for the things they have done and that is exactly it! I agree with not being able to have an air force in the air which is fair to some point. Flying over others to see where, and what they are doing I think is wrong. That is why I agree with the terms of not being able to have an air force in the air because if you did then you would easily be able to take out the enemy, and who would not do that? Anybody would most likely because it is most likely easier to kill more people with a plane then it is to shoot somebody. I surely did not agree with the fact that some of the land that was already claimed was taken away. From then on with the economy not being that great some countries did not have enough land where as some were on the edge of having nothing.
