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.
Mountains as they continue to push against each other
The answer is definitely D
Answer:
what problems was France facing in the late 1700s? the monarchy was in need of money, so taxes were raised. The commoners who could not afford to pay the newly heavied taxes became infuriated, rioting and eventually storming the palace.
Explanation: Hope this helped!!!
The significance of the events listed are:
- Event A: This leads to an increased alert by the Americans about the nuclear weapons owned by the Soviets in Cuba
- Event B: This was a necessary tactic by President Kennedy to prevent nuclear war
- Event C: This was meant to inform the American public about the current happenings
- Event D: This was one of the most important events in the build-up to the Cuban Missile Crisis
- Event E: This leads to the resolution of the long conflict between the two nations.
<h3>What was the Cuban Missile Crisis?</h3>
This refers to the period in American history when the Soviets had nuclear weapons in Cuba that had strike capabilities of reaching US targets.
Hence, we can see that President John Fitzgerald Kennedy helped avert a global crisis by the use of the naval blockade to prevent more influx of Soviet weapons in Cuba.
Read more about the Cuban Missile Crisis here:
brainly.com/question/457425
#SPJ1
