0
Which of the following was a lasting effect of the OPEC embargo in the 1970s on the US economy?
Wiki User
∙ 11y ago
reduced use of petroleum
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What was a lasting effect of the OPEC embargo in the 1970s on the US economy?
reduced use of petroleum
What effect has embargo had since it's stablishment?
An embargo has the effect of prohibiting some activity, generally economic activity. The effect of an embargo is that goods and services are prevented from flowing across embargo lines even where there is a market for those goods. For example, there is an embargo preventing U.S. companies from exporting technology with military applications into terrorist-sponsoring countries. The effect is that businesses are prohibited from doing so. Similarly, there is a general trade embargo imposed by the U.S. on Cuba. As a result, goods from Cuba can not be imported into the U.S. The effect is that one can not legally sell Cuban cigars in America.
What is a negative effect of a embargo?
High prices, and shortages.
How does bushfires effect economy?
the economy looses millions of dollars paying for repairs
Why was the nations economy sick in the late 1920?
It was the start of the great depression. More people lived in the streets then in actual homes, the prosperous beginnings of America where coming to an end. The great depression had a lasting effect on how Americans view themselves and there government.
What was a lasting effect of the OPEC embargo in the 1970s on the US economy?
reduced use of petroleum
What effect did the Embargo Act have on American economy?
amost destroyed american economy
which of the following was a lasting effect of the atlantic slave trade?
much of africa was left poor and divided.
What effect has embargo had since it's stablishment?
An embargo has the effect of prohibiting some activity, generally economic activity. The effect of an embargo is that goods and services are prevented from flowing across embargo lines even where there is a market for those goods. For example, there is an embargo preventing U.S. companies from exporting technology with military applications into terrorist-sponsoring countries. The effect is that businesses are prohibited from doing so. Similarly, there is a general trade embargo imposed by the U.S. on Cuba. As a result, goods from Cuba can not be imported into the U.S. The effect is that one can not legally sell Cuban cigars in America.
What effect did the embargo act of 1807 have on the us economy?
The Embargo Act of 1807 caused some new laws, including that American vessels can't land in any foreign port unless authorized by Jefferson himself, and that trading vessels were now required a bond of guarantee that was equal to the value of the ship and it's cargo. The public reacted very positive to these laws. This by no way effected the economy.**The public did NOT react positive. They were furious with the President. People were complaining of how poor the embargo made them. It drastically changed the economy for worse.
How did the Embargo act affect Britain and France?
The embargo act had very little effect on Britain and France.For more information on Embargo Act, visit Britannica.com.Read more: embargo-act-of-1807
What is a negative effect of a embargo?
High prices, and shortages.
What was the embargo 1813?
what was a positive effect from the war of 1812
What impact did the embargo act have on British?
The effect the embargo act has on the British is, the britsh started trade with latin america instead
What is a lasting effect of the French colinization?
A lasting effect of the French colonization is that some Canadians still speak french language
What was the lasting effect of the Great Society?
The lasting effect of the Great Society was the creation of landmark social programs such as Medicare, Medicaid, and Head Start, which continue to provide support to millions of Americans in need today. The Great Society also sparked national conversations on civil rights, poverty, and education that influenced future policy decisions and shaped the priorities of subsequent administrations.
How did the Embargo Act have a positive effect?
The embargo act had a positive effect because it cuts off supplies for british and french.
