From the archives: How Americans grappled with the 1973 oil crisis
#1973 oil crisis #OPEC embargo #gasoline shortages #energy conservation #stagflation
📌 Key Takeaways
- The 1973 oil crisis was triggered by an OPEC embargo in response to U.S. support for Israel in the Yom Kippur War.
- Americans faced severe gasoline shortages, leading to long lines at gas stations and rationing measures.
- The crisis caused a sharp increase in fuel prices, contributing to economic stagflation and recession in the U.S.
- It prompted a national shift toward energy conservation, fuel efficiency standards, and exploration of alternative energy sources.
📖 Full Retelling
On Nov. 29, 1973, CBS News aired a special report titled "Making It Through This Winter," spotlighting the ways Americans were making do amid the oil crisis. Watch the program in full.
🏷️ Themes
Energy Crisis, Economic Impact
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Original Source
On Nov. 29, 1973, CBS News aired a special report titled "Making It Through This Winter," spotlighting the ways Americans were making do amid the oil crisis. Watch the program in full.
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