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  • 06-02-2022
  • History
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How did American society change due to the issue of oil scarcity in 1973?

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esakorberhane esakorberhane
  • 07-02-2022

Answer:

Explanation:

The 1973 Oil Embargo acutely strained a U.S. economy that had grown increasingly dependent on foreign oil. ... 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.

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