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How did the 1973 oil embargo affect the United States?

User Mercurial
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2 Answers

1 vote

Answer:

Step-by-step explanation:

The 1973 Oil Embargo strained the U.S. economy that had grown dependent on foreign oil. The price of oil per barrel first doubled, then quadrupled, making the costs even higher on consumers and structural challenges to the stability of national economies.

User Tom Smykowski
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5 votes

Answer:

oil suffered from high levels of inflation

Step-by-step explanation:

How did the 1973 oil embargo affect the United States?-example-1