Reality and success of détente 1973-76 Flashcards
When was the OPEC crisis?
1973
What was the effect of the OPEC crisis on the west?
Quickly rebounded from the OPEC crisis
they created more efficient engines and used new sources of fuel
the creation of the G7 group
1974-78 - there was a return to oil price stability
Who spearheaded the creation of the G7 group?
France
Who was part of the G7 group?
France,USA,Britain,Japan,West Germany,Italy and Canada
What was the effect of the western economies on détente?
USA had less need for détente
In 1980 what was the GDP of the USSR compared with the USA?
37%
What were the 3 main causes of the decline in the USSR economy?
Brezhnev returned the USSR economy back to central planning
USSR had borrowed a lot of money from the west during the 1970’s and the rise in interest rates had a big impact on the USSR
Critics of détente in the USA tried to limit the trade between the USA and the USSR
When was the Jackson-Vanik amendment?
1974
What was the Jackson-Vanik amendment?
made trade between the USA and USSR conditional on the protection on the human rights in the USSR
What was the USSR industrial growth in 1964,1973 and 1979?
1964 - 8.2%
1973 - 5.7%
1979 - 1.0%
What was the issue with the Helsinki accords?
They were only pledges
couldn’t be enforced
Between 1974 and 1975 how much did imports from the west increase?
96%
How much was US defence spending in 1970 and 1976?
1970 - $406 billion
1976 - $284 billion
