What is it about oil that made the Arabian Peninsula a powerful, wealthy place? What are the effects of oil on politics, economy, and population of the region??

Answer:

Philippine National Association

The Arabian Peninsula was one of the world's poorest regions until the discovery of oil there at the end of the 19th century,

When stating a date, a century is a time frame of 100 years. For instance, the 19th century covered the years 1801 to 1900. Since the late eighteenth century, the Church's material standing had been deteriorating. Any period of 100 years is referred to as a century.

Which made it one of the richest. Saudi Arabia and Qatar are two examples of how oil and the wealth it has brought to the region have defined Arab states during the 20th century

Since oil accounts for a significant portion of the GDP and practically all export revenue for the countries of the Arabian Peninsula, oil prices are crucial to their economies.

Therefore, By The Arabian Peninsula nations make almost all of their export money.

Learn more about the century here:

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