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Energy crisis OPEC embargo
Energy Crisis. The energy crisis played a key role in the economic downturn of the 1970s. With the OPEC oil embargo of 1973, oil prices jumped 350%, and the higher costs rippled through the economy. The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo. The embargo was targeted at nations perceived as supporting Israel during the Yom Kippur War -
Failure of Detente
Détente ended after the Soviet intervention in Afghanistan, which led to the United States boycott of the 1980 Olympics in Moscow. Ronald Reagan's election as president in 1980, based in large part on an anti-détente campaign, marked the close of détente and a return to Cold War tensions.
