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The Economic Impact of High Gas Prices

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The Economic Impact of High Gas Prices
The economic impact of high gas prices 1

The Economic Impact of High Gas Prices

A Brown

Strayer University

The Economic Impact of High Gas Prices 2

The Economic Impact of High Gas Prices

Section 1: Introduction

The American economy is one of the strongest in the world; people from every

country comes here to live or travel on vacation with their families and take advantage of

its many economical opportunities available to its citizens. Traveling is one of Americas

Favorite pass time and a way of life for its citizen. When the quality of life is

interrupted, and people are not able do to the things that they use to do on a regular bases

the people panic and that send the nations economy in a tail spin and significantly change

the lives of, not just the citizens of this great county, but other economical markets

around us who depend on our economy success and model themselves after our way of

life. One of the economical factors that drive the American economy is its dependency

on oil and gasoline. Oil is a source of power that is control by the world developing

countries such as Saudi Arabia and other Gulf developing countries that monopolized the

markets and allowed us to depend on their sources and not look else ware for alternative

source of energy. The first energy monopolies were controlled by Pharaohs and kings,

they control who could and could not use common trees to burn as fuel to heat their

homes. The presence of timber control and dictate their way of life. Timber was the

prerequisite to power. When power is restricted or controlled it changes the way we

live our daily lives and will cause the economy to go up or go down and change the

economical out look for the future. During the 1940s the American leadership allowed

the country to be dependent on farign oil. With out the oil that Saudi Arabia and the

other Gulf producers supplied, the

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