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What was one of the major causes of inflation and a recession in the US during the 1970 and early 1980?
Gas crisis
What is the OPEC oil crisis carter?
The OPEC oil crisis during President Jimmy Carter's administration refers to the significant increase in oil prices and supply shortages caused primarily by the 1979 Iranian Revolution and the subsequent actions of the Organization of the Petroleum Exporting Countries (OPEC). This crisis led to soaring inflation, long lines at gas stations, and economic instability in the United States. Carter's response included implementing energy conservation measures, promoting alternative energy sources, and advocating for energy independence. The crisis highlighted vulnerabilities in U.S. energy policy and the economy's reliance on foreign oil.
Were there any shortages in the 1980s?
Yes, the 1980s experienced several shortages, most notably in the early part of the decade. A significant shortage was of gasoline due to the 1979 oil crisis, which contributed to long lines at gas stations. Additionally, there were shortages of certain consumer goods and materials, including microchips and specific food items, often due to economic factors like inflation and shifts in demand. These shortages reflected broader economic challenges during that period, including recessionary pressures and supply chain disruptions.
What did keynesian economics fail to deal with successfully with?
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
During periods of inflation tax rates should?
during periods of inflation tax rates sholkd
President ford inherited an economy highlighted by this during its bicentennial celebration?
President Ford inherited an economy highlighted by mad high inflation because of the Arab oil crisis during its bicentennial celebration.
How were war time inflation and food shortages kept in check during World War 2?
War rationing
What was one of the major causes of inflation and a recession in the US during the 1970 and early 1980?
Gas crisis
Which of these events happened during the 1970s?
all of the above
Were there any shortages in the 1980s?
Yes, the 1980s experienced several shortages, most notably in the early part of the decade. A significant shortage was of gasoline due to the 1979 oil crisis, which contributed to long lines at gas stations. Additionally, there were shortages of certain consumer goods and materials, including microchips and specific food items, often due to economic factors like inflation and shifts in demand. These shortages reflected broader economic challenges during that period, including recessionary pressures and supply chain disruptions.
Who was the president of Yugoslavia during the Kosovo crisis?
Slobodan Milosevic
Who was the president during the Yugoslavia kosovo crisis?
Slobodan Milosevic
What president was in office during Iran hostages crisis?
Ayatollah was the President in Iran during the hostage crisis. The hostages were taken in the US embassy in Tehran and were released 444 days later.
How did the American Republican respond during the Iran hostage crisis?
Republicans criticized President Carter for his handling of the crisis.
Who brought attention to the energy crisis during the 1970?
President Carter
When did the Cuban Missle Crisis start?
During President Kennedy's Presidency.
Which US president was in power during the Suez Canal Crisis?
Eisenhower
