Ideas of Globalisation: The Crisis of the 1970s (and Trump!)
Past Present Future
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The Nixon Shock and Oil Crisis Unraveled
This chapter explores the connection between the Nixon shock and the oil crisis of the 1970s, framing both as components of a broader energy crisis. It delves into Nixon's inflation control measures and their unintended consequences on the oil industry amid rising geopolitical tensions. The discussion illustrates the miscalculations of U.S. leaders regarding their energy dependence and the geopolitical implications of OPEC's actions during this tumultuous period.
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