In what decade did the first energy shocks occur,in the form of drastically higher oil prices?
A) 1890s
B) 1910s
C) 1930s
D) 1950s
E) 1970s

Question

Quizplus · Accepted Answer

The first energy shocks occurred in the 1970s, triggered by the Arab oil embargo in 1973 and the Iranian Revolution in 1979. These events led to a drastic increase in oil prices and caused widespread economic and political upheaval in many countries, especially those heavily reliant on imported oil.

In What Decade Did the First Energy Shocks Occur,in the Form