1970s energy crisis
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The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, experienced substantial petroleum shortages as well as elev
Cars line up for gas during the 1979 Oil Crisis
In the parlance of recession shapes, the Recession of 1973–75 in the United States could be considered a U-shaped recession, because of its prolonged period of weak growth and contraction. Percent change from preceding period in real gross domestic product (annualized; seasonally adjusted) Average GDP growth 1947–2009 Source: Bureau of Economic Analysis
Yom Kippur War
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The Yom Kippur War, also known as the 1973 Arab–Israeli War, the fourth Arab–Israeli War, the October War, or the Ramadan War, was fought between Israel and a coalition of Arab states led by Egypt and
1970s energy crisis
…shortages as well as elevated prices. The two worst crises of this period were the 1973 oil crisis and the 1979 oil crisis, when, respectively, the Yom Kippur War and the Iranian Revolution triggered interruptions in Middle Eastern oil exports. The crisis began to unfold as petroleum production in the United…
Egyptian President Anwar Sadat
Upon learning of the impending attack, Prime Minister of Israel Golda Meir made the controversial decision not to launch a pre-emptive strike.
Wreckage from an Egyptian Sukhoi Su-7 shot down over the Sinai on 6 October, Israeli Air Force Museum
Egyptian forces crossing the Suez Canal