HIST 2112 Lecture Notes - Lecture 20: Anita Bryant, Narcissism, John Updike

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9 Dec 2017
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Lecture 20 - the seventies: a crisis in confidence. Ii: organization of oil petroleum countries (opec) against israel. of its oil consumption comes from abroad, u. s. ally of israel in war and provided israel with, war was going on in the middle east. Egypt and syria: by 1973, u. s. became dependent on foreign oil a third weapons and support this upset egypt and syria was israel"s ally, opec cuts oil production. This was egypt and syria"s way of leveraging their. Egypt and syria are part of opec and because u. s. As a result, oil prices rise in the u. s. economic power over the u. s. However, u. s. continues to support israel in the war. Opec places an embargo on oil to the u. s. This causes the first of 2 oil shocks in the u. s. U. s. economy is teetering high inflation, interest. Economic instability was a biproduct of decision of.

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