Petrodollar Research Paper

Historically, the United States has entered military conflict, direct and indirect, based on the desire to maintain its political ideals and or minimize the expansion of alternative governmental forces. The prevailing sentiment of American policy with regards to military occupation and direct conflicts focuses on the practical irradiation of communism. Military experts and academic scholars debate over the definition of war in America, blurring the lines under which policymakers identify conflict. Ultimately the political objectives, economic frugality and social climate shape the American “way of war”.

Even though the United States emerged as a clear victor of World War I, many Americans after the war felt that their involvement in the conflict had been a mistake (Markus Schoof, “The American Experience During World War II,” slide 3). This belief, however, did not deter the country from engaging in many other international affairs in the future, most importantly the WWII and the Cold War. Right from the Manifest Destiny, which led to expand its empire at home and abroad, to the World War I, the country had come a long way from being somewhat a lonely-land to a global superpower of the 20th century. Its influence in the international arena grew unprecedently after its commitment to the World War II, and like they say, the rest is history. If the WWII was a resounding success to the American legacy, what followed, the Cold War, put many implications on the American diplomatic relations with the Soviet Union and to the world. Although the rising Fascism in Europe and the Japanese attack on Pearl Harbor drove the U.S. to enter the WWII, historians over the years have laid equal blames on both nations for starting the Cold War. These two events helped in shaping up many domestic and foreign policies for the U.S.

The United States subsequent to WWII has kept on growing its realm through outside issues and the approach of country building. Much like the British Empire, which happened before it, at its tallness of force the British Empire controlled double the measure of area masses than that the United States. (identified with one effective individual or nation controlling others) influence with America is additionally clarified through cash based achievement. By Finance, the annihilation brought about by WWII permitted America to expect cash based control all through the world. This was the aftereffect of the debilitating of numerous (identified with Europe) nations included in the war, by that/in that way permitting the United States to create half of the world 's GDP.

Iran’s nuclear programme has in recent years worsened US-Iran relations. The United States accuses Iran of seeking to develop nuclear weapons (Bahgat , 2009). Other reasons for mistrust include USA’s support for Iraq during the Iran-Iraq War in the 1980’s. Specifically, Iran continues to resent the US supplying Iraq with the chemical weapons it used during the war. Adding fuel to the fire, in 1988, US guided missile Cruiser the USS Vincennes on station in the Persian Gulf mistakenly shot down Iranian Airlines flight 655 killing 290. (Milinski, n.d.)

Before World War I, America had been primarily an isolationist nation with little dealings with the world. As time went on America took more of a role in world affairs. With World War II and the post war, America took its place as one of the most dominant nations in the world. Post war, America’s economy led the world and helped rebuild war ravaged nations. Government efficiency in the economy and increased production led America to emerge as one of the biggest economic powerhouses in the world.

Strength can be evaluated in many different ways: from economic power, to militaristic prowess, to influence in foreign countries. Today, America seems to be the most powerful nation on Earth when all of these categories are taken into account. The economy of the United States is so strong, that it’s GDP accounts for 22.44% of the gross world product. The U.S. economy is worth 17.41 trillion dollars: trillions of dollars more than the world’s second most powerful economy: China. Outside of the U.S, seven sovereign nations (such as Ecuador, El Salvador, and Zimbabwe) use the U.S. dollar as their official currency (8), demonstrating the

Introduction In 1941, the United States of America faced the prospect of war. The old world order of imperial empires had fallen apart, and it seemed destined to end an inglorious blaze of destruction made possible by modern technologies of war like tanks, airplanes, machine guns, and submarines, among other things to make way for the new order to come. The United States, being both a Pacific and Atlantic power, found itself in the middle of it all and for various cultural, economic, and political reasons, it was hesitant to accept the burdens and responsibilities of international engagement that came along with the tremendous wealth and power they had almost stumbled upon in the twentieth century. At its foundation the United States did not

The conflict and subsequent invasion of the Ukraine by Russia came as a surprise to many people in the world, including to the United States intelligence community. This surprise move by the Russian government caused many members of Congress to point the blame at the intelligence community for failing to accurately predict this move, thus limiting the United States and NATOs ability to respond in a timely manner. But was there really an intelligence failure or was this action something that was

In September of 1980, Iraq invaded Iran, in the beginning of the eight year Iran-Iraq war. Iran was paranoid that Iraq’s leaders had “ambitions….in terms of expansion and regional hegemony”. 2 The invasion justified their fears. At first, we “did not have good relations with Iraq, which was had been close to the Soviet Union”.3 Although “not an ally of Iraq”, the United States believed that “Saddam Hussein should not be allowed to be defeated by a radical Islamist, anti-American regime”.4 There was speculation that the U.S. had given the Iraqis “the green light to launch war” against Iran.5 This would have been plausible because if Saddam Hussein, leader of Iraq, could seize oil-rich territory, the U.S. would then have “access to Iranian crude”.6 The United States also wanted to terminate the radical Khomeini government and with the prospect of Hussein capturing Iran’s main source of revenue, this was probable. Because of this, “over the next decade Washington would play an ambiguous role in the Iran-Iraq War.”7 Not only was Iraq receiving U.S. support, but Iran was too, despite the fact our relations with them were

and internationally. Showing pure dominance over other countries, the U.S. became the Policemen of the World, which is still thriving today. This paper will describe international events involving the U.S. military that can be traced back to a foreign policy created after the Civil War, as well as aspects of U.S. history since 1865 that have led to the U.S. 's rise as a world super power policeman. International incidents since WWII that America has taken on a policing role will also be discussed. Lastly, driving forces that fueled international policy decisions for the events mentioned will be discussed.

During the Cold War, the US invaded Latin America, Asia, and partly Europe. They used sneaky methods and propaganda to achieve their goals. At this time, in the Cold War, they were very devious and tactical in their mission. The US foreign Policy at that time was all about defeating Communism and keeping the balance of power in it’s favor but most importantly, for US’s own economic interest.

The US’s global influence increased because of the Great War. The British Empire’s decay and losses suffered from war along with America’s “wealthy and relatively

China has become a big part in wars, always trying to start them. Global instability is a big deal around the world but China seems to stand out. If it has anything to do with manufacturing or communism, you know China’s involved. Throughout roughly forty years, China was always involved into some war from 1937, with World War II through 1975, with the Vietnam War. Even in the middle of the to with the Korean War.

exits the JCPOA while simultaneously increasing unilateral targeted sanctions against the IRI. The U.S. deters Iran’s use of a nuclear weapon by proposing, negotiating, and entering a formal mutual defense alliance with Gulf Cooperation Council (GCC) and other key partner nations. Use the newly created Gulf Defense Alliance (GDA) as the vehicle to extended nuclear deterrence. Offer a separate bilateral alliance with Israel, extending the same level of deterrence provided to the GDA. By means of the newly created alliances, execute deployment of ballistic missile defense systems. Engage in public and private diplomacy with the P5+1 partners to attempt to alleviate any potential concerns regarding any perceived threats to their security interests. Attempt to make clear the altruistic purpose of the newly established missile defense posture in the region. Persuade all GDA members to join the U.S.

Behind the global power of the U.S. dollar, hides the most significant form of currency you 've probably never heard of, the Petrodollar. The word “Petrodollar” was coined by the Egyptian economist Ibrahim Oweiss, as a way to describe how oil producing and exporting countries were accounting for oil units outside of the regular money supply. While the Petrodollar may not be a commonly used term, I would agree with Economist Jerry Robinson when describing it as, "the most brilliant [series of] political-economic moves in recent history… [being] the fabric that holds our [U.S.] economy together”. As the major cornerstone for the U.S.’S economic prosperity and international hegemony, following the change of the Bretton Woods System to the Petrodollar system in 1971; I 've found the largest independent factor to influence American international interests has been the implementation and preservation of the Petrodollar.