Overview

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.

Full Product Details

Author:   Drew Cottle ,  Thomas Costigan
Publisher:   VIJ Books (India) Pty Ltd
Imprint:   VIJ Books (India) Pty Ltd
ISBN:  

9788194261803

ISBN 10:   8194261805
Pages:   116
Publication Date:   11 November 2019
Audience:   College/higher education ,  General/trade ,  Postgraduate, Research & Scholarly ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   Available To Order  
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Table of Contents

Acknowledgments List of Acronyms Introduction Chapter One: Pre-War US Capitalism (Pre-1939, The Internationalisation of US Capitalism World War I, US Diplomacy Leads) Chapter Two: The `Grand Area' and US Dollar Hegemony (The Council on Foreign Relations, The War and Peace Studies Group, The Grand Area, Lend-Lease, Bretton Woods, The Marshall Plan) Chapter Three: Global Fracture (The 1956 Suez Crisis, French Dollar Frustration, The US Dollar, Saudi Arabia and Oil) Chapter Four: The Relative Decline of US Hegemony (Neoliberalism, The Federal Reserve Board, The Euro, The Collapse of the USSR and the Emergence of Rouble Nationalism, BRICS) Chapter Five: The US Dollar: the Cleanest Dirty Shirt in the Hamper? (Arguments against US Dollar Collapse, Arguments for US Dollar Replacement) Conclusion References Index

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Author Information

Thomas Costigan is currently completing a PhD in the School of Humanities and Communication Arts at Western Sydney University in Australia. Dr Drew Cottle is a Senior Lecturer in the School of Humanities and Communication Arts at Western Sydney University in Australia where he teaches Politics and History.

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