1973 oil crisisCongressIranNixonprice hikesSaudi ArabiaThis article investigates whether the United States had prior knowledge of the 1973 oil crisis instituted by Arab countries in 1973. It argues, using predominantly primary source documents, that as early as 1971, Washington understood the Arab ...
Nixon Shock | History, Bretton Woods Agreement & Effects Richard Nixon Lesson Plan Nixon & the Vietnam War Lesson Plan Richard Nixon's Education Policy Pat Nixon | Biography, Accomplishments & Cause of Death The Presidential Election of 1968 | History, Candidates & Result Nixon Doctrine | Definit...
The economy also faced retraction since new wars in the Middle East reduced the global oil supply, increasing the cost of everything and forcing businesses across the world to close. These factors combined to create stagflation, which was a serious problem throughout the 1970s. The domestic ...
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Roger Lowenstein, "The Nixon Shock," Bloomberg Business Week, August 4, 2011.We further apply a set of exogenous controls. The Bretton Woods Dummy is 1 until the "Nixon Shock" in 1971-III. From Hoover and Perez (1994), we take oil price shock dummies. The Ramey Shapiro dummy for ...
Roger Lowenstein, "The Nixon Shock," Bloomberg Business Week, August 4, 2011.We further apply a set of exogenous controls. The Bretton Woods Dummy is 1 until the "Nixon Shock" in 1971-III. From Hoover and Perez (1994), we take oil price shock dummies. The Ramey Shapiro dummy for ...