Homework Help: history

Posted by Sarah on Thursday, January 5, 2012 at 9:36pm.

How did the crises in the 1970s illustrate the problem of economic interpendence?
A. All nations rely on oil and when nations with oil resources underwent political crises production was halted and prices soared creating economic shock waves.
B. The dependence of the United States on Middle Eastern oil was seriously damaged when saudi arabian oil fields were attacked by afghanistans rebel forces.
C. Multinational corporations had brought new technologies to devoloping countries which used this new technology to create alternative fuels at high costs.
D. Less developed nations once dependent on the middle east for oil, joined OPEC and were ale to get substantial discounts on oil reserves.
I Got D.

history - Sarah, Thursday, January 5, 2012 at 9:37pm
Correction* I Got B.
history - Ms. Sue, Thursday, January 5, 2012 at 9:41pm
I disagree.

http://en.wikipedia.org/wiki/1973_oil_crisis

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