lsssws
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  • 18-02-2020
  • History
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The oil embargo of 1973 landing US economy into a recession. T or F

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albertoaleman
albertoaleman albertoaleman
  • 18-02-2020

Answer:

True.

Explanation:

The oil boycott of the Arab members of the OPEC led to a recession in the United States in 1973.  It was a reaction to the American military and diplomatic support to Israel during the Yom Kippur War, the last Arab-Israeli conflict that Israel won against its old enemies Syria and Egypt, which had launched a coordinated attack on October 6, 1973.  The embargo was against the US, Japan, Canada, the Netherlands and the UK.

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