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The term petrodollar warfare refers to the alleged motivation of U.S. foreign policy as preserving by force the status of the United States dollar as the world's dominant reserve currency and as the currency in which oil is priced. The term was coined by William R. Clark, who has written a book with the same title.
The term monetary hegemony appeared in Michael Hudson's Super Imperialism, describing not only an asymmetrical relationship that the US dollar has to the global economy, but the structures of this hegemonic edifice that Hudson felt supported it, namely the International Monetary Fund and the World Bank. The US dollar continues to underpin the ...
Dollar diplomacy of the United States, particularly during the presidency of William Howard Taft (1909–1913) was a form of American foreign policy to minimize the use or threat of military force and instead further its aims in Latin America and East Asia through the use of its economic power by guaranteeing loans made to foreign countries. [1]
The history of the United States dollar began with moves by the Founding Fathers of the United States to establish a national currency based on the Spanish silver dollar, which had been in use in the North American colonies of the Kingdom of Great Britain for over 100 years prior to the United States Declaration of Independence.
American exceptionalism is the proposition that the United States is different from other countries in that it has a specific world mission to spread liberty and democracy. [ 4 ] In this view, America's exceptionalism stems from its emergence from a revolution and developing a uniquely American ideology, based on liberty, egalitarianism ...
We come in contact with it all the time, but the markings on the one-dollar bill remain shrouded in mystery. Until now. 1. The Creature. In the upper-right corner of the bill, above the left of ...
The United States was formed as the first successful revolt against a major empire in 1776, and historically has strongly imposed imperialism, as seen in the Monroe doctrine, in the war against the Spanish Empire in 1898, and support for dissolving the British and Dutch empires after 1945.
President Trump is racing to shut down the agency, declaring it a waste of money and run by “lunatics.” But experts warn this is plays into the hands of the very country he considers to be the ...