Register
How did the oil embargo in the 1970s affect the US economy?
284,885 views
36 votes
36 votes
How did the oil embargo in the 1970s affect the US economy?

User Berco Beute
by
2.9k points

2 Answers

7 votes
7 votes

Answer: It made costs of oil double and the US rethink there dependnce on the Middle East's oil.

Explanation: This also made the dependnce on oil in the mediterainian lower for the US and Europe. This showed that the US econemy was dependent on the stability of foreign oil supply.

User Schuelermine
by
2.7k points
12 votes
12 votes

Answer: It made costs of oil double and the US rethink there dependnce on the Middle East's oil.

Explanation: This also made the dependnce on oil in the mediterainian lower for the US and Europe. This showed that the US econemy was dependent on the stability of foreign oil supply.

User Fulkron
by
2.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If a country or group of people do something to another country or group of people, does it affect the rest of the world? Did what King Leopold II do in the Congo affect the US? Does what the U.S. do to
Give me 3 important facts about the Jurassic Period. Thank you
What manufacturing industry did World War II MOST help establish in Texas? A) car manufacturing B) textile manufacturing C) airplane manufacturing Eliminate D) computer manufacturing
What generalization can you make regarding the geographic distribution of results?
As a result of their dissatisfaction with the Catholic Church both Martin and Luther and Henry Vllll
Link Copied!