Rise of the U.S. Dollar (Part 2): The Energy Hegemon

Name: Rise of the U.S. Dollar (Part 2): The Energy Hegemon
Uploaded: 2026-03-10T15:43:29.000Z
Description: After Bretton Woods collapsed, the dollar needed a new anchor. Amid the 1973 oil shock—surging inflation, quadrupled oil prices, and a dangerous dependence on foreign energy—Washington moved to secure a new Saudi-American arrangement. Kissinger and Simon’s 1974 push, together with the spread of oil priced exclusively in dollars, turned black gold into the new foundation of dollar power.

Published March 10, 2026

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The Dollar Order

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