Energy Crisis & Economic Collapse 

In 1973, the OPEC (Organization of the Petroleum Exporting Countries) launched (t) an oil embargo. Consequently, it severely damaged (d) western economies and people began talking about energy conservation. In 1979, an energy crisis struck the USA. President Carter initiated (id) price controls and a “windfall profit tax.” So / As a result / as a consequence, gas prices - shot up = went up = increased (t).

Because of the energy crisis, the government economic policy, the worldwide economic conditions and the cost of the welfare state, the American economy collapsed. (t) The country faced (t) a double-digit inflation and unemployment.

Interest rates soared (d) over 20%. European nations faced (t) similar problems.

Meanwhile, the Soviets continued (t) to expand leading people to question whether or not capitalism and democracy could survive in the modern world.

The economic downturn led to the rise of Margaret Thatcher in Britain and Ronald Reagan in America.

Quiz about the 1970… Questions in the past…

When did Elvis Presley die?

How many demonstrators were killed on Bloody Sunday?

When did the OPEC launch an oil embargo?

How many people went to Woodstock?

What is the ideology / slogan of the Hippies?

Who was the American President at the end of the Vietnam war?

How many people were injured on Bloody Sunday?

What was the name of the agreement signed to stop the war in Vietnam?

When was the Apple II introduced?

What characters were there in Star Wars? Name 2.

When did the energy crisis strike the USA?

How many episodes are there in the Star Wars saga?

When was the first smiley button created?

What is the size / height of a platform shoe?

What does the smiley button mean?

Who reintroduced the platform shoe in the 1990s?