1973 oil crisis
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trmichaels
How did the embargo affect oil-exporting countries?
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mordinho
Replied to:  How did the embargo affect oil-exporting countries?
A reverse in the flow of capital led to an increase in aid investments in underdeveloped nations.
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dbrunner
Replied to:  A reverse in the flow of capital led to an increase...
Some countries used the extra money to purchase arms, which increased tensions in the area.
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