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From Dominance to Decline: The rise of BRICS and Petrodollar Collapse?

  The petrodollar system was established in the early 1970’s. It was an agreement between oil-rich Gulf states and the United States. The terms were simple, Oil-rich states would sell their crude oil exclusively in dollars. In return, the United States will provide them with security from internal and external threats and also provide these countries with weapons and technology as well. The concept of the petrodollar was hailed across the United States because it provided stability and demand for U.S. dollars and became the most used currency in the world for international trade and commerce. While the petrodollar had its advantages for the United States it brought major troubles for the global south countries. Drawbacks of petrodollar Since oil-rich countries of the Gulf agreed they would sell crude oil only in U.S. dollars created problems for a lot of smaller countries. The main problem they faced was to hold significant amounts of dollars in their reserves if they wanted to buy
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Libya: Why Gaddafi's Ouster Should Never Have Happened

  In 2011, out of nowhere, we saw a pattern of so-called revolutions that swiped across North Africa and the Middle East. Several countries were devastated in the form of huge infrastructure damages, millions displayed, and several thousands died as a result of conflict. Syria and Libya suffered the most under these so-called revolutions and the fight for democracy. In this article, we will discuss why Gaddafi’s ouster should never have taken place. How Libya was under his rule, and what Libya became after his ouster. Let’s get started. Libya Under King Idris’s Rule: Before Gaddafi, Libya was a monarchy under King Idris the First, he was head of the state from 1951 when the country got its independence from Italy. The plight of Libyans did not change much but instead, it became much worse under the king. It was due to widespread corruption and ineffective leadership in the country. Before Gaddafi’s rule, a small portion of the population controlled almost all the resources and weal

Exploring Tribal Traditions: Native American Societies Before Contact

  A lot of people ask, how Native American societies functioned before the arrival of Christopher Columbus. If you have the same question and looking for answers, then continue reading because in this blog we will cover everything. In this article, we will delve deep into Native American society and bring you key information and facts. So, let’s begin. Introduction Native American societies were very unique in comparison to the European Societies in many ways. Just like Europe, America’s societies developed over thousands of years and were shaped by many aspects like environment, historical experiences, and geographical locations. Here are some key aspects of Tribal societies of the New World before the arrival of Christopher Columbus. Diversity: Tribal societies of the New World were highly diverse. Although it is very difficult to provide the exact numbers. But historians suggest somewhere between 300 – 500 languages were spoken in North America, whereas, the number in South

Unraveling the Battle of Falkirk: Braveheart's Defiance and Edward I's Triumph

  The Battle of Falkirk was fought between Sir William Wallace and King Edward the first of England. The military engagement took place in a small town near the town of Falkirk on 22 nd July 1298. The Scottish population rallied behind Sir William to gain independence from English rule. This Scottish struggle is known by historians as the first war of Scottish independence. Background Scotland and England had territorial disputes near the border regions. Both sides claimed territory and often it led to minor skirmishes and conflicts on the border areas. Things became much worse for Scotland when its king Alexander died without leaving behind any apparent successor. This created a power vacuum in the country and many clans formed groups creating a succession crisis. King Edward Longshanks of England took advantage of the situation invaded the Scottish lands and occupied the whole country. Longshanks believed that Scottish lands were integral parts of his kingdom. During this peri