History of the United States II / Unit 15 USH2 2135 short lesson, about 20 seconds
The Oil Embargo
Captions available
The idea
From October nineteen seventy-three to March nineteen seventy-four Arab oil producers embargoed shipments to the United States, retaliating, the Yawp says, for American intervention in the Middle East.
In practice
Gasoline at thirty-eight cents a gallon before the embargo and fifty-five cents by June nineteen seventy-four, the anchor records.
Where people slip
Inflation reached twelve point two percent by nineteen seventy-four, the anchor adds.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
Unlocks
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