How did the 1979 oil shock affect the us economy?

It killed many people and was later called the oil crisis

Auto sales were off a rousing start in 1979. Sales of domestic vehicles in the first 10 days of the year were up 23 percent. then hell broke loose. On Jan. 16, 1979, the Shah of Iran was overthrown, and the Ayatollah Khomeini came to power. He cut Iran's oil production, which reduced shipments of crude oil to the United States. Gasoline prices soared, and the American economy plunged into a recession. The threat of a gasoline shortage and rationing created long lines at gas stations. It was 1973-74 all over again.

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