Answer: To increase oil prices by controlling global supply
Explanation:
The Organization of Petroleum Exporting Countries (OPEC) was formed when some oil producing countries decided that it would be best to form a cartel that would dictate the supply of oil and in effect the price as well.
By forming a cartel, they would have more control over what price to charge other nations which would allow for more revenue to come into these countries. OPEC also uses its influence to impart global issues as they once refused to sell oil to western nations unless those nations criticized and restricted support for Israel.
One of the changes to Arkansas economy that could have lessened the effects of the Great Depression and hastened the state's recovery would have been that of diversifying its sources of income. Arkansas relied mostly on agricultural production, and besides this, its industries were extremely limited. This meant that the state was greatly affected by the low crop prices of this time period. It also meant that the many floods and droughts of the time severely affected the economy. However, if agriculture had not been the only major economic enterprise of the state, the effect would have been lessened.
These <span>ups and downs in an economy are often referred to as</span> "business cycles". These cycles are to be expected and don't cause great alarm for economists or investors.
Answer:
Palestinian Arabs opposed the plan, leading to a war over the future control over the territory. How did Palestinian Arabs react to the plan proposed by the United Nations to divide Palestine into two separate states? The plan was rejected and civil war broke out between Arabs and Jews.
The creation of NATO and the Warsaw Pact shows the dedication to security of the United States and Soviet Union by creating political/military alliances. Both of these organizations formed after World War II give the Soviet Union and the United States peace of mind in case of another war breaking out. The US teamed up with countries like Great Britain, France, and Denmark to create NATO while the Soviet Union aligned themselves with countries like Romania and Albania.
