How did the Arab oil embargo impact the U.S. economy?

What will be an ideal response?


Answer: The ideal answer will include:
1. The Arab oil embargo had a disastrous impact on the American economy.
2. As oil prices rose, price shocks and gasoline shortages hit the U.S. economy.
3. The energy crisis, however, did not end with the lifting of the embargo.
4. Higher oil prices led to higher inflation and unemployment, a combination known as stagflation.
5. Economic hard times shaped the entire decade.

History

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What was the significance of the battle of Midway?

What will be an ideal response?

History

Why did the Roman underclass live in cramped apartment buildings?

A. Land was at a premium in Rome. B. It was an inexpensive way to share heating costs with neighbors. C. Additional height added water pressure to the plumbing. D. They were concerned about suburban sprawl.

History

Who is credited with coining the phrase white man's burden?

A) Teddy Roosevelt B) Rudyard Kipling C) David Livingstone D) Mozell Friddell E) Otto von Bismarck

History

Which of the following is not a distinctive feature of the Gothic cathedral?

a. The flying buttress b. Giant stained-glass windows c. The Gothic arch d. Their great height e. The minarets

History