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An event with Professor Salim Yaqub

The History Behind the Hustle: Petrodollars, Abscam, and the Arab-American Political Activism, 1973-1981

Co-sponsored by the Clements Center and Middle Eastern Studies
| | History Department, First Floor

The sharp spike in the price of oil in the early 1970s provided petroleum-producing countries with enormous revenues--petrodollars--to invest in the global economy. By the second half of the decade, there was widespread fear in the United States that Arab governments, companies, and individuals were using their vast wealth the "buy up America." 

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