Which statement explains why the 1973 OPEC Oil Embargo had a major impact on the United States?

Question

Which statement explains why the 1973 OPEC Oil Embargo had a major impact on the United States?

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2022-04-19T21:09:47+00:00 2 Answers 0

Answers ( 2 )

  1. Ariana
    0
    2022-04-19T21:10:53+00:00

    The OPEC oil embargo was a decision to stop exporting oil to the United States, reducing the supply and consequently increasing the price. This decision came after several US government policies that resulted in economic recession and inflation. Those actions included wage control and changes in monetary policy.

  2. Daisy129
    0
    2022-04-19T21:11:29+00:00

    By 1973, the United States had become dependent on foreign energy sources.

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