Reality and success of détente 1973-76 Flashcards

1
Q

When was the OPEC crisis?

A

1973

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2
Q

What was the effect of the OPEC crisis on the west?

A

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

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3
Q

Who spearheaded the creation of the G7 group?

A

France

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4
Q

Who was part of the G7 group?

A

France,USA,Britain,Japan,West Germany,Italy and Canada

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5
Q

What was the effect of the western economies on détente?

A

USA had less need for détente

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6
Q

In 1980 what was the GDP of the USSR compared with the USA?

A

37%

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7
Q

What were the 3 main causes of the decline in the USSR economy?

A

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

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8
Q

When was the Jackson-Vanik amendment?

A

1974

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9
Q

What was the Jackson-Vanik amendment?

A

made trade between the USA and USSR conditional on the protection on the human rights in the USSR

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10
Q

What was the USSR industrial growth in 1964,1973 and 1979?

A

1964 - 8.2%
1973 - 5.7%
1979 - 1.0%

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11
Q

What was the issue with the Helsinki accords?

A

They were only pledges

couldn’t be enforced

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12
Q

Between 1974 and 1975 how much did imports from the west increase?

A

96%

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13
Q

How much was US defence spending in 1970 and 1976?

A

1970 - $406 billion

1976 - $284 billion

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