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Business Quizzes back
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Cold War Protests 1960’s Movement details 1970’s Movement
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What caused the oil / energy crisis of the 1970s?
Domestic and Foreign
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1970’s Middle East Issues Israel Iran
Conflicts with Arab nations (Egypt, Palestine, etc) Different beliefs, territory claims Iran What was the situation? Rule of Shah corrupt and harsh
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Middle East Countries
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Oil / Gas in US Price of oil rose in 70’s
US dependent on Middle East oil Countries could reward/punish with oil 1973- Organization of Petroleum Exporting Countries (OPEC) formed Algeria Nigeria Angola Qatar Ecuador Saudi Arabia Iran United Arab Emirates Iraq Venezuela Kuwait Libya
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Oil as Politics / Policy
1973- war between Israel and other countries OPEC placed embargo on oil to countries that supported Israel Also raised prices US supported Israel US cut off from oil (what oil the US got was expensive)
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Iran Hostage Crisis 1979- Revolution in Iran
Shah fled, anti-West leader took over Goal: make Iran strict, Islamic state President (Carter) let Shah into US Given sanctuary, health services Iranians outraged
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Iran Hostage Crisis November Iranian students seize US embassy in Tehran (Iran) 52 Americans taken hostage Held for 444 days Americans wanted their release- Carter’s responsibility
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Trying to Release Hostages
Carter tried: Cutting ties with Iran Rescue mission- failure, 8 soldiers died Carter lost popularity, lost re-election 1981- Hostages released the day Carter left office
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