OIL EMBARGO TO CARTER

Who succeeded Nixon as President after his resignation on August 8, 1974?

• Gerald Ford

• Jimmy Carter

• Ronald Reagan

• George H.W. Bush

During the 1970s this hit the U.S. economy when high unemployment and high inflation happened

• Great Recession

• Great Inflation

• Staglfation

• Hyper Inflation

Why was the nation of Israel founded in 1948?

• It was created for the Jews after the Holocaust

• It was open land that no one else lived in

• It was created a refugee sanctuary nation

• It was the capital headquarters for the United Nations

This international organization took control of oil prices and oil supply in the 1970s

• International Monetary Fund (IMF)

• World Trade Organization (WTO)

• OPEC (Organization of Petroleum Exporting Countries)

• International Petroleum Confederation

What was OPEC's response to the U.S. assisting Israel in the 1973 Yom Kippur War?

• It's member nations declared war on the United States

• It imposed economic sanction on the US through the UN

• It enacted an oil embargo, cutting off trade to the U.S.

• It increased the sales of oil to enemies of the US like Iran

How did the oil embargo effect the U.S. during the 1970s?

• The U.S. used its own energy reserves to fight the embargo

• Prices of everything increased and gas shortages happened

• The U.S. was forced to abandon Israel as prices went down

• It caused the stagflation outbreak in the U.S.

What was the impact of Jimmy Carter's work at the Camp David Accords?

• It established Israel as the leader of Middle East Nations

• It ended of OPEC oil embargo and stopped stagflation

• It established the U.S. as a leader of the free world

• Egypt recognized Israel and Israel signed a Peace Treaty with Egypt

What did the Community Reinvestment Act do?

• It made banks give credit to low income communities

• It created low income housing for needy families

• It expanded Medicare and Medicaid

• It provided job training for at-risk teenagers

What was the response in Tehran to the US helping the former Shah of Iran in 1979?

• The new government of Iran declared war on the U.S.

• The embassy was attacked and 52 people were taken hostage

• The Shah of Iran was put back in power

• Iran invaded Israel and Iraq who were US allies

What happened to the 52 captives of the Iran Hostage Crisis?

• They were given to the Soviet Union and returned in 1987

• They disappeared and were never seen from again

• They were publicly executed in 1981 in Tehran

• They were returned to the US 444 days after Reagan swore in as President