What was the significance of oil in 20th-century global politics? 🔊
In 20th-century global politics, oil emerged as a crucial strategic resource, shaping international relations and conflicts. The demand for oil fueled economic growth and technological advancements, leading to significant geopolitical interests in oil-rich regions. Control over oil supplies influenced major events like World War II and the Cold War. The 1973 oil crisis and subsequent volatility further emphasized oil's central role in shaping economies and foreign policies. The quest for energy resources continues to underscore global power dynamics today.
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