2
QuizMultiple Choice

Nixon's Presidency

Question 2 • Fall 24 US History B IC

Which best describes the main cause of the 1973 Oil Crisis?

Answer
A
Nixon ended the gold standard, which raised the price of gasoline.
B
The US recession led to an increase in the price of gasoline.
C
Israel won the Yom Kippur War, which raised the price of oil.
D
OPEC raised oil prices to punish the United States for its support of Israel.

Explanation

During the Yom Kippur War, the United States supported Israel. Arab oil-producing countries then restricted oil exports to the United States and other supporters of Israel, while oil producers sharply increased prices. This made oil scarce and expensive, triggering the crisis. So the best choice is “OPEC raised oil prices to punish the United States for its support of Israel,” though the embargo was specifically led by Arab members of OPEC acting through OAPEC.

AI-written and checked against the verified answer.

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