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1971Event

Oil revenue begins to dominate fiscal federalism

Postwar oil production and prices increased federal revenue and reduced the old regional agricultural revenue base.

Hall of FameMilitary I

1971

Oil revenue begins to dominate fiscal federalism

Postwar oil production and prices increased federal revenue and reduced the old regional agricultural revenue base.

1000reasons.voteEditorial timeline entry

What happened

Postwar oil production and prices increased federal revenue and reduced the old regional agricultural revenue base. Fiscal centralization became easier under military rule.

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