Matteo Hogan

History

30 September, 12:48

In 1973, Arab nations placed an oil embargo on the United States due to its support of Israel in the Arab-Israeli conflict. How did this embargo affect the U. S. economy? A. It greatly increased the use of natural gas and gave the economy a boost. B. It drastically raised energy prices and brought about a shortage of gasoline. C. It gave the United States a chance to find its own oil and reduce dependency on imports. D. It forced the United States to find another energy source in order to stabilize the economy.