Chapter

The Energy Crisis of the 1970s

Yanek Mieczkowski

in Gerald Ford and the Challenges of the 1970s

Published by University Press of Kentucky

Published in print April 2005 | ISBN: 9780813123493
Published online September 2011 | e-ISBN: 9780813134956 | DOI: http://dx.doi.org/10.5810/kentucky/9780813123493.003.0013
The Energy Crisis of the 1970s

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This chapter examines the energy crisis in the U.S. during the 1970s. It explains that contrary to popular belief, the energy problem manifested itself months, even years, before the Arab oil embargo. According to experts, it was caused by several factors including the price control system implemented by the administration of former President Richard Nixon which played hob with the normal equilibrium of supply and demand. This problem presented another huge challenge for Gerald Ford.

Keywords: energy crisis; U.S; Arab oil embargo; price control; supply and demand; Richard Nixon; Gerald Ford

Chapter.  7800 words. 

Subjects: History of the Americas

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