Answer:
The statement is TRUE. The oil embargo of 1973 led the US economy into recession.
Explanation:
With this crisis there was an increase in the price of oil. Taking into account the great dependence that the industrialized world has on this product, the embargo caused a strong inflationary effect and the economic activity in the United States was reduced.
In the United States, the price of gasoline sold to the public rose from 38.5 cents in May 1973 to 55.1 cents in June 1974. For this reason, the New York Stock Exchange lost 97 billion in six weeks. US oil imports from Arab countries decreased significantly: a reduction of 1.2 million barrels per day to 19,000 barrels per day was seen. During the summer of 1974, the first period of fuel shortage since World War II was lived in the United States.
This situation also affected wage controls. The situation forced companies to keep salaries high, which meant that many companies laid off workers to reduce costs. At the same time, they could not lower oil prices to stimulate demand.
At that time, interest rates rose so that companies could not plan for the future. As a result, companies kept prices high, which made inflation worse. They were afraid of hiring new workers, making the recession worse.
u not specific about big companies' view on what...
in general big companies want to maximize profits. to do dat, they want to minimize costs which is why they move production to wherever has the lowest costs. sumtime it is here in the US but a lot of time, it is overseas which means less jobs in the US.
tax is another thing big companies try to avoid. so Apple keeps the $ they make in other countries over there instead of bringing it back. that way they dont pay tax on profits. they also are against customs n tariffs unless the fees are imposed on their competitions.
there are many other topics. plz feel free to ask 4 specifics in comments.
Some proponents of Prohibition supported the policy on religious grounds because they viewed excessive drinking as immoral behavior. Thus option (D) is correct.
<h3>
What is Religious Ground?</h3>
Religious Ground refers to the activity related to the religion. It suggests that people with strong religious beliefs base those beliefs in large part on personal experience that is not entirely shared by others.
The Proponents of prohibition were those people who were against the drinking of alcohol as it leads to the family violence such as child abuse and wife beating.
Some of the industrialist such as Henry ford was also against drinking habits as it decreases the productivity of the employees. Thus option (D) is correct.
Learn more about Proponents of prohibition here:
brainly.com/question/2973798
#SPJ1
Answer:
about 3/4th of the population
The answers are
1._ B. billboards
2._ B. 1954.
3._ B<span>. Birmingham </span>