Chapter
The Arab Oil Embargo and Its Impact on the United States
16:03 - 19:28 (03:24)
The Arab oil embargo during the 1970s led to high unemployment rates and high inflation in the United States. The embargo was a response to the US support for Israel in the Yom Kippur War, and resulted in a cut-off of oil from Arab countries to the US and other countries aligned with Israel.
Clips
This podcast episode discusses the events surrounding the Arab oil embargo of the 1970s, which led to high unemployment rates and inflation in the US and other countries due to the cut-off of oil from countries who were deemed to be on the side of Israel in the conflict.
16:03 - 19:28 (03:24)
Arab Oil Embargo
Summary
This podcast episode discusses the events surrounding the Arab oil embargo of the 1970s, which led to high unemployment rates and inflation in the US and other countries due to the cut-off of oil from countries who were deemed to be on the side of Israel in the conflict.