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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 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 ...
The U.S. dollar is the de facto world currency. [217] 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 ...
Colonialism's core meaning is the exploitation of the valuable assets and supplies of the nation that was conquered and the conquering nation then gaining the benefits from the spoils of the war. [18]: 170–75 The meaning of imperialism is to create an empire, by conquering the other state's lands and therefore increasing its own dominance ...
In the historical writing of the 19th century, the denotation of hegemony extended to describe the predominance of one country upon other countries; and, by extension, hegemonism denoted the Great Power politics (c. 1880s – 1914) for establishing hegemony (indirect imperial rule), that then leads to a definition of imperialism (direct foreign ...
The term petrodollar warfare refers to a theory that depicts the international use of the United States dollar as the standard means of settling oil transactions as a kind of economic imperialism enforced by violent military interventions against countries like Iraq, Iran, and Venezuela, and a key hidden driver of world politics.
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 ...
Theories of imperialism are a range of theoretical approaches to understanding the expansion of capitalism into new areas, the unequal development of different countries, and economic systems that may lead to the dominance of some countries over others. [1]