The Petrodollar: How a Deal with Saudi Arabia Reshaped the World
Автор: Historic Economics
Загружено: 2025-10-09
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After the Gold Standard died in 1971, how did the U.S. dollar not only survive but become more powerful than ever? The answer lies not in gold, but in oil. This is the story of the Petrodollar system.
In this documentary, Historic Economics uncovers the landmark 1974 agreement between the United States and Saudi Arabia that redefined global power. We explore:
The 1973 Oil Crisis: The geopolitical chaos that forced the U.S. to seek a new economic anchor.
The Strategic Partnership: The details of the arrangement that offered U.S. security in exchange for oil being priced exclusively in dollars.
The Petrodollar Cycle: A simple explanation of how this system creates a permanent global demand for U.S. currency.
The Consequences: How this single deal has influenced U.S. foreign policy, the global economy, and the dollar's status as the world's reserve currency for the last 50 years.
To understand the hidden architecture of our modern financial world, subscribe to Historic Economics.
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