8.7 Flashcards
“Third World”
- The 37 nations that were decolonized after WWII. Often lacked stable political and economic institutions. Their need for foreign aid from either the United States or the Soviet Union often made them into pawns of the Cold War.
Foreign Aid
- The primary tool used by the United States to win over the developing nations to its side during the Cold War. U.S. foreign aid went to Europe and Third World nations. Either given for free or was a form of low-interest loans and came with restrictions, which poorer nations came to resent.
Israel
- Created in 1948 under UN auspices after a civil war in the British mandate territory of Palestine left the land divided between the Israelis and the Palestinians. Neighbors (including Egypt) had fought unsuccessfully to prevent a Jewish state from being formed.
Covert action
- Eisenhower’s foreign policy. Undercover intervention in the internal politics of other nations (cheaper than military intervention).
Iran (1953)
- the CIA helped overthrow the government that had tried to nationalize the holding of foreign oil companies. Reza Pahlavi returned as shah (monarch) and provided the West with favorable oil prices and made enormous purchases of American arms.
Suez Crisis (1956)
- Egypt asked for the US to fund the Aswan Dam but was rejected due to the US alliance with Israel. Egypt turned towards the Soviet Union and received limited funds. Looking for another source of funding, Egypt seized the British/French owned Suez Canal. As a response, the two nations alongside Israel retook the canal through an attack. Eisenhower disliked being left out so he sponsored an UN resolution condemning the invasion of Egypt. This ultimately had the troops retreat.
Suez Canal
- supplied Western Europe with Middle Eastern oil.
Eisenhower Doctrine
- (1957)
- Pledged economic and military aid to any Middle Eastern country threatened by communism.
- First Used: (1958) sent 14,000 marines to Lebanon to prevent a civil war between Christians and Muslims
Organization of Petroleum Exporting Countries (OPEC)
- (1960)
- Created by Saudi Arabia, Kuwait, Iraq, Iran and Venezuela in order to expand their political power by coordinating their oil policies.
Yom Kippur (October) War (1973)
During Jewish holy day, Syrians and Egyptians
launched a surprise attack on Israel in an attempt to recover the lands lost in the Six-Day War. Nixon ordered U.S. nuclear forces on alert and airlifted arms to Israel which aided in an Israeli win.
Oil Embargo
- As a result of the US helping Israel in the Yom Kippur War, other OPEC members placed an embargo on oil sold to Israel’s supporters. The embargo caused a worldwide oil shortage and spiked oil prices. Caused US blue-collar workers to lose their jobs because consumers switched from American-made cars to smaller, more fuel-efficient Japanese ones.
Response to Oil Embargo
55-miles-per-hour speed limit - Congress passed to save gasoline
- Congress also approved construction of a controversial oil pipeline to tap American oil reserves in Alaska.
Camp David Accords (1978)
- The Egyptian president, Anwar Sadat, made the first moves towards Middle Eastern peace by meeting with the Israeli Prime Minister, Menachem Begin, in Jerusalem (1977). Following this, US President Carter invited the two again to meet in Maryland and create the Camp David Accords which created a framework for a peace settlement. This ultimately created a treaty and ended the war between the two nations (1979).
Peace Treaty (1979)
- Egypt became the first Arab nation to recognize the nation of Israel. In return, Israel withdrew its troops from the Sinai territory taken from Egypt in the Six-Day War of 1967. Was opposed by the Palestine Liberation Organization (PLO) and most of the Arab world, but it was a step toward a negotiated peace in the Middle East.
Oil Shortage
(1979) Islamic fundamentalists in Iran, led by the Ayatollah Khomeini, overthrew the US placed shah. Iranian oil exports ground to a halt, causing the second worldwide oil shortage.