1973 Oil Crisis Explained: How Stagflation and Energy Dependency Shaped the Modern World

Discover the story of the 1973 oil crisis, one of the most significant events that reshaped the global economy and modern society. Learn how the sudden OPEC oil embargo triggered stagflation, skyrocketing prices, and energy dependency in the United States, Europe, and Japan. Explore how the crisis transformed consumption habits, industrial production, urban planning, and the geopolitical power of the Arab world. This video explains the economic, social, and political impact of the 1973 oil crisis and its long-lasting effects on the modern world.

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