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The US Dollar and Global Hegemony - pr_1715594

The US Dollar and Global Hegemony

By Drew Cottle, Thomas Costigan



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The book traces the origins of US hegemony from the planning conducted by the Council on Foreign Relations in the late 1930s to the implementation of strategies for US dominance at the Bretton Woods conference of 1944, where the US dollar was installed as the world's reserve currency. The book demonstrates how the US dollar's reserve currency status underpinned the economic primacy and power of the United States in the post-war period. It highlights the importance of the 1974 deal between the United States and Saudi Arabia to exchange US dollars for Saudi oil. It also examines the debate about the future of the US dollar's status within the global financial system.

Product code: 9788194261803

ISBN 9788194261803
No. Of Pages 116
Publisher VIJ Books (India) Pty Ltd
This book explains how the United States has been able to use its currency as a fundamental component of the projection of US hegemony globally.