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inna [77]
2 years ago
13

How did the oil embargo in the 1970s affect the US economy?

History
1 answer:
elena-s [515]2 years ago
8 0
The price of oil doubled per barrel, then quadrupled and challenged the stability of the whole national economy.
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I do believe that learning that the past is important. To understand the present "current events" we must have an understanding of what has already taken place in the past. Some examples of this would be "Conflicts with other countries" "Economy" or "Treatment of immigrants"  Also, past events and experiences have shaped our identity and who we are as a country. We need to be aware of our surroundings and realize that we got here because our ancestors helped us through generations. Another thing it helps us do is understand change and how the society we live in today came to be. And lastly, its essential to study history to be a global citizen

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