The Major Cornerstone For The U.s.'s Economic Prosperity And International Hegemony

The existence of petrodollars is one of the pillars of America’s economic might, because it creates a significant external demand for the American currency, allowing the US to accumulate enormous debts without defaulting. "

As was laid out in the previous section, the United-States always had a ‘hegemonic presumption’, the conception that Latin America was inferior, a supposition that gave the right to Washington to intervene in the region’s political and economic affairs (LeoGrande, 2007:384). This second chapter will explore how the U.S. intervened in Latin America, more specifically after the World War II. Indeed, the U.S. benefitted greatly from the aftermath of the war. A subsection will be dedicated to the Pink Tide in Latin America, with a focus on the U.S. foreign policy under President GW Bush and President Obama. The overthrown Presidents of Honduras and Paraguay were part of this movement and their outset signals a reversal in the region.

The U.S. has had the most universal currency for decades because of America’s great influence on the world, and because the american capitalist way. In an economic standing America is at the top because of the value of the U.S. dollar. All throughout history dating back to the turn of the nineteenth century the U.S. dollar has been used all over the world both during times of depression and in times of recession. The times the U.S. the U.S. dollar value the most is when there isn't much of it around, but right now America is a a steady climb to inflammation which means the dollar is losing strength. The less the dollar is valued the less power the U.S. has and the more countries will use other secondary currencies. Socialism can stop this from happening altogether and allow America to stay powerful. In a shared wealth economy the money taxed from the people is returned to the people by offering free education and zero medical expenses. This also helps to increase the amount of money in middle class pockets by taxing higher class people more according to their income. When money is held by the people it circulates through the country more before returning to the government, this allows the the vale of the dollar to

The Middle East is one of the birthplaces of human kind’s civilization. Since the Ancient Egypt, Sumer, the Arab Empire, Turkey Empire, or even to present day, the Middle East has always been a valuable strategic point for not only because of its geographic location but also it full of petroleum and nature gas. According the OPEC (Organization of the Petroleum Exporting Countries) that 66% of the global oil reserves are in the Middle East and only 6% in North America, this makes a lot of powerful countries want to share a pieces of the Middle East, Stephen mentions “Much of the world 's oil wealth exists along the Persian Gulf, with particularly large reserves in Saudi Arabia, Kuwait

There is perhaps no other political issue in our contemporary society that is more pertinent, pervasive, and encompassing than a nation’s economy. From the first coins used in Greece and the Asia Minor in the 7th century BCE, to the earliest uses of paper money, history has proven time and time again that the control of a region’s economy is absolutely crucial to maintaining social stability and prosperity. Yet, for over a century scholars have continued to speculate why the United States, one of the world’s strongest and most influential countries, has one of the most unstable economies. Although the causes of this economic instability can be attributed to multiple factors, nearly all economists agree that they have a common

Two-thirds of the world’s remaining oil reserves are in the Middle East which will make international policy imperative in the future (Campbell 2007). It is

In 1974 the decline of the west was already predictable and U.S president Nixon made a deal with Saudi Arabia. In return for buying oil in dollars, the U.S would guarantee military security and the petrodollar was born. This guaranteed a steady supply of income for the U.S, as the Federal Reserve is a conglomeration of private companies taking a percentage of every dollar used. Rivero’s fascinating insight into the how the dollar plays a key role in U.S foreign policy explains the reasons behind many U.S actions today.

Accordingly oil played a significant role in the United States rise to power in the Middle East. Before the War ended President Roosevelt met with the King of Saudi Arabia where it was established the relationship between the two countries would be about oil. America’s power in the region was primarily directed through oil companies such as Aramco.

From the ancient period, the United States of America grew on pillars set by men with philosophy in the occult. For instance, the members of Freemasonry and those from the other secret societies; that saw the potential in the U.S is the New Jerusalem. They foresaw the United States future as a beacon as compared to the other nations in the world, guiding the globe in the formation of the admired New World Order of enlightenment, peace and democracy. Many people would today agree with the fact that the U.S indeed in different ways is fulfilling its set role already. If nothing else attached to this, most people around the world would agree that the American dollar dominates the world financially, and among the world currencies, the dollar is the King.

One of the major realist dimensions for the Western political order is American hegemony. With the end of the Cold War, American hegemony appeared to be the supreme power of the world (Deudney and Ikenberry, 1999). It can be seen, American economic power revealed in international financial institutions such as IMF, WB and WTO. As a dominant member in WTO, the United States Forced the weaker states to accept the organization’s rules on international trade, otherwise, they will lose if they choose not to follow the rules (Hawthorn, 1999). In addition, Deudney and Ikenberry (1999) state that liberals see transnational relations as the establishment of alternative system that will

The United States of America is today a super power nation that controls major activities in the entire globe. However, despite her superior status there are several historical social-economic issues that taint her image in the international platform. To

“Foreign policy determines how America conducts relations with other countries. It is designed to further certain goals. It seeks to assure America’s security and defense. It seeks the power to protect and project America’s national interests around the world. National interest shapes foreign policy and covers a wide range of political, economic, military, ideological, and humanitarian concerns. (Costly)” When analyzing the concept of what foreign policy is, it becomes apparent that one of the main theoretical purposes of it, is to protect American interests and homeland sustainability, through interacting with other countries. Undoubtedly, one of Americas greatest interests are economic stability, and in today’s society, every nation is economically interdependent on one another through trade. In several recent

The US focused its policies for appeasement during the Cold War (Ginsburg et al 440). After the Soviet Union broke apart and the events on September 11, the main threat became terrorism. In the early 2000s President George W. Bush launched a “Global War on Terror” (Ginsburg et al 441). The main challenge that the current policies face it that the war that the US is fighting on terror is unnecessary, and is costing the US billions of dollars. After the Soviet Union fell apart, the once communist dictatorships fell to capitalistic democracy. Meaning that they could join trade organizations such as the World Trade Organization (WTO). The WTO was crated to help ease the problems that caused the Great Depression (Ginsburg et al 443). This allowed the United States to grow and expand global capitalism, the main economic difference between it and the Soviet

One of the most powerful currencies in the world is the United States Dollar. The term dollar actually became common since the colonial period, which is approximately 200 years ago where the Europeans started to colonize the America. To let you learn more about it, her are some amazing facts about the money in the United States. How do Americans spend it? Are Americans great at saving or splurging? Are people in America rich? Keep reading to find out more.

In the “The Prize: The Epic Quest for Oil, Money, And Power,” Yergin undertakes the reader upon a thorough and enjoyable journey through oil history, from the first 1859 well drilling by Colonel Edwin in Pennsylvania during up to the invasion of Kuwait by Saddam Hussein in a wrathful grab for oil and wealth in 1990 August. Yergin explores the role of oil in warfare, depicts the ever-changing organization of the oil sector, and examines the prominent, as well as often flamboyant petroleum players. The book is a well-researched and well-written, and supplement to a history branch, which until very lately, had been regrettably neglected—history of business.