The US Dollar's Dominance in Global Economics

Exploring the history and impact of the US dollar's supremacy in the global economy, from its rise post-WWII with the Bretton Woods system to its role in international trade and power dynamics, including sanctions against nations like China. The chapter also discusses the challenges faced by the US in maintaining its monetary dominance, leading to pivotal events like Nixon's decision to abandon the gold standard and transition to floating exchange rates.