!Which statement best describes how the Middle Easts vast supply of oil has affected the history of the region since the 1950s

HISTORY OF THE MIDDLE EAST

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

!Which statement best describes how the Middle East’s vast supply of oil has affected the history of the region since the 1950s

A	It has lowered the standard of living in the region
B	It has encouraged the growth of democracy in the region
C	It has slowed down the process of industrialization in the region
D	It has encouraged foreigners to compete for influence in the region

Explanation:

Detailed explanation-1: -Shaping history The discovery, production and sale of oil has since shaped the region’s history, intertwining with business, politics and society, and playing its part in growth and prosperity, but also revolution, war and economic crises.

Detailed explanation-2: -Mar 3, 1938 CE: Oil Discovered in Saudi Arabia. On March 3, 1938, an American-owned oil well in Dammam, Saudi Arabia, drilled into what would soon be identified as the largest source of petroleum in the world.

Detailed explanation-3: -Oil production in the Middle East amounted to roughly 28.2 million barrels per day in 2021.

Detailed explanation-4: -Saudi Arabia Many of the largest oil producers are in the Middle East, including Saudi Arabia, UAE, and Iraq. Saudi Arabia is the world’s largest oil producer and accounts for roughly 15% of global output.

There is 1 question to complete.