According to the article, which economic event sparked the decade-long economic crisis? the Nixon administration's wage and price "freeze" the Carter administration's refusal to support Israel a sudden increase in oil prices in 1973 the end of the Vietnam War

Question

Bianca

Business

30 January, 04:57

According to the article, which economic event sparked the decade-long economic crisis? the Nixon administration's wage and price "freeze" the Carter administration's refusal to support Israel a sudden increase in oil prices in 1973 the end of the Vietnam War

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Answers (2)

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Hallie · Answer 1

a sudden increase in oil prices in 1973

Kylan Frye · Answer 2

I believe it's because the end of Vietnam War.

The united states unbelievable amount of resources and debt to accommodate Unted States' troop attack to vietnam, only to be paid with defeat due to The Viet's brilliant tactics in leveraging their region.

After the war, the debts that is used for war started to overdue, which led to long-decade economic crisis.