Oil crisis knocked down the global economy in the 70s and that helped start an average market crash. There was a high increase of unemployment’s and it lead to the fall of the UK government there was a bit of energy crises caused by the problems in the Middle East between 1967/79. Arab oil producers forced an embargo and that was the most significant which happened in 1973. The Egyptians led the prince of crude to rise from 3$ per barrel to 12$ per barrel and that happened because there was a dision to reject America and punish the west in reply to help Israel in the Yom Kippur war against Egypt. The king of transport also made all transport more expensive. Petroleum is a fossil fuel, also called crude oil. The crude oil before was formed from the leftovers of the ancient marine organisms such as plants, a1lgae and bacteria. Before millions of years of extreme heat and force, these living fossils changed into carbon-rich substances we trust now a day. The U.S and the U.S.S.R used oil and the petroleum for trade. United states and its allies, the Soviet Union and its satellite states. After the world war II the united states and the united nations began a struggle known as the cold war to dominate the world, both find that their economics and government are the best to rule the world. This led to the division of Europe into Eastern Europe and Western Europe. Joseph Stalin, born in 1879 and died in 1953 (74years). He was the ruler and the leader of the USSR. When World War II ended Stalin was keen to take political control of Eastern Europe. Stalin saw it as a defense zone against the western side of Europe. This attempt of controlling the west was one of the main reasons for the cold war to start. John F. Kennedy born in 1917, He was the US president from 1961 to 1963; He was assassinated from his third year as the US president. He said a famous speech in the west of berlin where he was arguing about the berlin wall and its problems. As the president he helped isolating the Cuban Missile Crisis, which came close to increasing. Economics and politics are great methods to control the world so they started developing these methods. The USSR and the US did not fight directly; they used their own methods. Both sides used spying and assassinations as their method on each other and there was a technological race such as the space race, development of the nuclear weapons and the most important is the media propaganda. In the beginning it had 15 republics 3 of them rejected to be part of the USSR which are Latvia, Lithuania and Estonia but in the Christmas of 1991 the soviet flag flew over Moscow and it was the last time. From that day 11 countries broke down and they are Ukraine, the Russian Federation, Belarus, Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Turkmenistan, Tajikistan and Uzbekistan but Georgia stayed.
http://www.biographyonline.net/famous-people-cold-war/
http://www.theguardian.com/environment/2011/mar/03/1970s-oil-price-shock
http://www.theguardian.com/environment/2011/mar/03/1970s-oil-price-shock
​