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What was one major cause of the recession in the United States in the 1970s? the oil crisis low inflation low unemployment the Iran hostage crisis

Respuesta :

It was the "oil crisis" that was one major cause of the recession in the United States in the 1970s, since many countries in the Middle East cut prices to manipulate prices. This put a focus on alternative energy sources that continues today.
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The Oil crisis was the major cause of the recession in the United States in the 1970s.

What causes the oil crisis?

The oil crisis occurred when the members of the OAPEC led by Saudi Arabia proclaimed an oil embargo on its oil.

This created a spike in price and casued a fuel shortages and long lines at gas stations in the U.S.

However, the crisis led to a focus on alternative energy sources that continues today.

Therefore, the Option A is correct

Read more about oil crisis

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