1 Jan 1973 Jahr - Oil Crisis/Yon Kippur

Beschreibung:

Gas lines
OPEC Org of petroleum exporting countries embargo against US bc
- Yon Kippur = Arab states attack Israel bc Israel wants territory
- US support Israel
- US reliant on foreign oil
- OPEC uses power over oil = prices 4x in US
- artificial inflation + unemployment = stagflation

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