04 - Economic Development (Crisis Decades) Part I

Hwa Chong Institution (College): History Paper 1 Theme II: Understanding the Global Economy Growth and Problems of the Global Economy 1 Why did the Golden Age of Capitalism come to an end? ● ●

Hwa Chong Institution (College): History Paper 1 Theme II: Understanding the Global Economy Growth and Problems of the Global Economy 2 1 Kimberly Amadeo, OPEC Oil Embargo, Its Causes, and the Effects of the Crisis. Retrieved from: https://www.thebalance.com/opec-oil-embargo-causes-and-effects-of-the-crisis-3305806

Hwa Chong Institution (College): History Paper 1 Theme II: Understanding the Global Economy Growth and Problems of the Global Economy 3     

Hwa Chong Institution (College): History Paper 1 Theme II: Understanding the Global Economy Growth and Problems of the Global Economy 4 

Hwa Chong Institution (College): History Paper 1 Theme II: Understanding the Global Economy Growth and Problems of the Global Economy 5

Hwa Chong Institution (College): History Paper 1 Theme II: Understanding the Global Economy Growth and Problems of the Global Economy 6 2 The petrodollar is any U.S. dollar paid to oil-exporting countries in exchange for oil. Since the dollar is a global currency, all international transactions are priced in dollars.

Hwa Chong Institution (College): History Paper 1 Theme II: Understanding the Global Economy Growth and Problems of the Global Economy 7

Hwa Chong Institution (College): History Paper 1 Theme II: Understanding the Global Economy Growth and Problems of the Global Economy 8

Hwa Chong Institution (College): History Paper 1 Theme II: Understanding the Global Economy Growth and Problems of the Global Economy 9 

Hwa Chong Institution (College): History Paper 1 Theme II: Understanding the Global Economy Growth and Problems of the Global Economy 10 