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What else can I help you with?
what is the dictionary definition for the Texas energy crisis?
An energy crisis is a shortfall in or interruption to the provision of energy supplies. The Texas energy crisis was caused by oil shortages in the 1970s.
What did keynesian economics fail to deal with successfully with?
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
What huge illness was there in 1973?
In 1973, the world was dealing with the global oil crisis. This crisis was triggered by the OPEC oil embargo, leading to a major disruption in oil supply and resulting in economic turmoil and energy shortages in various countries.
Who triggered the Moroccan crisis?
Someone................:)
What Best describe an outcome of the 1970s oil crisis in the US?
The 1970s oil crisis led to significant economic repercussions in the United States, including widespread inflation and a recession. It prompted a shift in U.S. energy policy, increasing focus on energy conservation and alternative energy sources. Additionally, the crisis resulted in a heightened awareness of the country's dependence on foreign oil, ultimately spurring efforts to increase domestic production and fuel efficiency standards in vehicles.
Who was the gas shortage of the 1970's due to?
The gas shortage of the 1970s was primarily caused by a combination of factors, including the 1973 oil crisis triggered by an OPEC oil embargo in response to U.S. support for Israel during the Yom Kippur War. Additionally, rising global demand for oil, along with domestic production limits and government price controls, exacerbated the situation. This led to long lines at gas stations and widespread fuel rationing in the United States. The crisis highlighted the vulnerabilities of relying heavily on foreign oil sources.
Which was a major cause of the energy crisis in the early 1970s?
OPEC refused to sell oil to the United States The OPEC embargo on oil sales to countries supporting Israel The conflict over Israel
Which best describes an outcome of the 1970s oil crisis in the US?
The 1970s oil crisis led to significant economic repercussions in the United States, including widespread inflation and a recession due to skyrocketing fuel prices and fuel shortages. It prompted a shift towards energy conservation and the development of alternative energy sources, as well as increased interest in domestic oil production. Additionally, the crisis spurred changes in U.S. energy policy, including the establishment of the Department of Energy and the implementation of fuel economy standards for vehicles.
What issue triggered the argument over nullification?
nullification crisis
Why did the oil exporting countries form OPEC and what effects did the subsequent rise in oil prices in the 1970s have on the Third World?
the oil exporting countries of the middle east formed OPEC in 1960 because of the Suez crisis and the oil prices rose as production decreased
What is the richest resource in Iran?
Iran has capital resources that include oil. In addition, you can find this out by past historical subjects that include the oil crisis of America during the 1970s.
What are two things that helped cause a major recession in America during the early 1970s?
Two factors that contributed to the major recession in America during the early 1970s were the oil crisis resulting from the OPEC oil embargo in 1973 and high inflation rates. The oil crisis led to a sharp increase in oil prices, causing a spike in production costs and reduced consumer purchasing power, while high inflation eroded the value of money and reduced overall economic activity.
