Asked by Manjinder Singh on Sep 22, 2024
Verified
What brought an end to decades of prosperity in 1973?
A) the Soviet invasion of Hungary,which created fears of a European war
B) the United States' decision to end the Marshall Plan
C) a communist government that took power in the United Kingdom
D) an oil embargo instituted by Middle Eastern nations
E) the savings and loan crisis that caused stock markets to crash
Oil Embargo
A policy measure that restricts the trade of oil to certain nations or entities, often used as an economic sanction or a tool of foreign policy.
Prosperity
A state of flourishing, thriving, good fortune or successful social status; often associated with economic growth and stability.
- Acquire knowledge about the economic strategies and their effects, alongside challenges faced in Europe after warfare.
Verified Answer
MA
Maria Angelicaabout 9 hours ago
Final Answer :
D
Explanation :
An oil embargo was instituted by Middle Eastern nations in 1973, which caused a global energy crisis and a significant increase in oil prices. This led to a period of inflation and economic recession in many countries, including the United States, marking an end to decades of prosperity.
Learning Objectives
- Acquire knowledge about the economic strategies and their effects, alongside challenges faced in Europe after warfare.
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