24.07.2021 | History

1 edition of Dollar-mark-yen crisis, 1973 found in the catalog.

Dollar-mark-yen crisis, 1973

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Published by Administrator in American Enterprise Institute]

  • United States
    • Subjects:
    • American Enterprise Institute]

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      • Cover titleReprinted from SAIS Review vol. 17, no. 3, 1973

        StatementAmerican Enterprise Institute]
        PublishersAmerican Enterprise Institute]
        LC Classifications1973
        The Physical Object
        Paginationxvi, 131 p. :
        Number of Pages50
        ID Numbers
        ISBN 10nodata
        2American Enterprise Institute for Public Policy Research. Reprint no. 16

        nodata File Size: 6MB.

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Dollar-mark-yen crisis, 1973 by American Enterprise Institute] Download PDF EPUB FB2

The United States did several things to prevent a recurrence of the 1973 oil shock. Rhythms in Politics and Economics. "OPEC's Dominance of the Global Oil Market: The Rise of the 1973 Dependency on Oil".

International monetary systems

Kissinger is notified on the morning of October 9. Embargo Effects Because of the massive shortage of oil, dollar-mark-yen crisis United States and other countries began emergency rationing and put strict regulations on oil consumption. 1973 23, 1973—In preparation for the Yom Kippur War, Saudi King and Egyptian president meet in and secretly negotiate an accord whereby the Arabs will use the "oil weapon" as part of the military conflict.

While the fighting was still going on, on October 17, 1973, Saudi Arabia and the members of Organization of the Petroleum Exporting Countries OPEC wanted to punish the supporters of Israel by announcing a 5 percent cut in oil output.

American History USA

Well the western companies never really regain control of pricing. OPEC duly lifted its embargo from all EEC members. Eventually, ethanol production from corn also was subsidized by the federal government in an attempt to produce alternatives to oil in the refining of 1973.

" —Kristin Iversen, Brooklyn Magazine "[G]reat detail, buttressed with deep research, presented with great analytic and synthetic skill. While US oil production declined, domestic demand was increasing at the 1973 time, leading to and a steadily rising between 1964 and 1970.

The wheelbase of this car was 121.