Politics of the Dollar: Petrodollar

On Monday, April 2, 2018, Mark Albertson presented the last lecture in his Politics of the Dollar series.

Week 4: Petrodollar
The price of oil is based on the dollar, providing a decisive advantage for the United States. Yet in 2000, Saddam Hussein moved Iraq’s oil transactions off the Dollar and onto the Euro. Shortly after invading Iraq in March 2003, Washington moved Iraq’s oil transactions off the Euro and back onto the Dollar. Our series concludes with the fate of the Dollar and American debt.

About the Presenter
Mark Albertson is the historical research editor at Army Aviation magazine and is a long-time member of the United States Naval Institute. In addition, Mark teaches history at Norwalk Community College. His courses include: World War I and Iraq: Creation of Colonialism; A History, Vietnam; A History, World War I; The Turning Points of World War II; The Great Patriotic War: The Titanic Clash Between Nazi Germany and the Soviet Union; and American Empire: Grand Republic to Corporate State. In May 2005, Mark was presented with a General Assembly Citation by both houses of the state legislature in Hartford for his effort in commemorating the centennial of battleship Connecticut.

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