economic reasons for superpower relations

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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


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