The Oil Crisis of 1973-1974: Causes and Effects on the American Economy
3 Pages
1329 Words
The objective of this study is to explain the impact that the 1973-1974 oil crisis, stemming from the countries known as OPEC (Organization of Petroleum Exporting Countries), had on oil prices, the American economy and the world economy. This essay discusses the causes of the oil crisis as well as the extent of the impact on the American economy. Some...
Oil Crisis
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