The economic slow-down of the 1970s resulted in part from the nations heavy dependence on

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23-05-2018
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The economic slow-down of the 1970s resulted in part from the nations heavy dependence on

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DukeMoseti DukeMoseti · Answer 1 · 2018-06-01T09:56:22+02:00

DukeMoseti DukeMoseti

01-06-2018

The economic slow-down of the 1970s resulted in part from the nations heavy dependence on foreign oil. President Carter believed that the fundamental problem of the American economy was its huge reliance on foreign oil. This resulted in an economic slow-down when Arab nations placed an embargo on oil to America.

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