What was the energy crisis Apush?

when Carter entered office inflation soared, due to toe the increases in energy prices by OPEC. In the summer of 1979, instability in the Middle East produced a major fuel shortage in the US, and OPEC announced a major price increase.

What was the impact of the energy crisis of the 1970s quizlet?

During the energy crisis only the wealthy could afford to drive, oil was rationed and lines in gas stations would cause major traffic accidents.

What was one cause of the US energy crisis in 1973 quizlet?

A period of fuel shortages in the United States after the Arab states in the OPEC declared an oil embargo in October 1973.

Who was Spiro Agnew quizlet?

Spiro Agnew was vice president under Richard Nixon. He was very much liked by the American public at first. However, he was soon discovered to have been involved with bribery and other scandals, and he resigned from the position.

What was the impact of the energy crisis?

In addition to causing major problems in the lives of consumers, the energy crisis was a huge blow to the American automotive industry, which had for decades turned out bigger and bigger cars and would now be outpaced by Japanese manufacturers producing smaller and more fuel-efficient models.

What were the effects of the 1973 oil crisis?

The onset of the embargo contributed to an upward spiral in oil prices with global implications. The price of oil per barrel first doubled, then quadrupled, imposing skyrocketing costs on consumers and structural challenges to the stability of whole national economies.

What was the Saturday Night Massacre quizlet?

Terms in this set (12) The Saturday Night Massacre refers to U.S. President Richard Nixon’s orders to fire independent special prosecutor Archibald Cox, which led to the resignations of Attorney General Elliot Richardson and Deputy Attorney General William Ruckelshaus on October 20, 1973, during the Watergate scandal.

How has energy crisis affected our economy?

In short, energy is vital for running all the resources and energy crisis directly influence all the sectors of economy such as agriculture sector, industrial sector, unemployment, poverty, lower GDP and higher inflation.

How did the energy crisis affect the economy?

The energy crisis played a key role in the economic downturn of the 1970s. With the OPEC oil embargo of 1973, oil prices jumped 350%, and the higher costs rippled through the economy. Inflation and economic stagnation produced “stagflation” and shook confidence in the American dream. …

What is the significance of military industrial complex?

The military–industrial complex (MIC) describes the relationship between a nation’s military and the defense industry that supplies it, seen together as a vested interest which influences public policy.