1973 oil crisis - Nixon decided to keep the quotas due to vigorous political opposition
Time: 1969
Place: U.S.
Details: When Richard Nixon became president in 1969, he assigned George Shultz to head a committee to review the Eisenhower-era quota program. Shultz's committee recommended that the quotas be abolished and replaced with tariffs but Nixon decided to keep the quotas due to vigorous political opposition.
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