economic reasons for superpower relations
- Created by: Jay Wynter
- Created on: 24-05-13 12:45
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- what role did economic realities play in superpower relations during the 1970's
- oil crisis 1973
- both superpowers needed oil they couldnt produce themselves so they moved to the middle east
- 1973 egypt and syria invaded isreal
- OPEC raised prices and cut supplies to anyone who supported israel
- instead of more military spending US and USSR saw negotiating as better
- soviet economic problems 1970
- vast sums of money used supporting communist allies
- sov technology falling behind
- heavy industry meant negative effect on living standards
- oil crisis 1973
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