Economic Influence

• The Economic Influence is the US dollar, Oil and gas, and Foreign Aid
• The US dollar Is the most powerful currency
• At the end of 2020, the US had $2.04 trillion in circulation, half of that is estimated to be in circulation abroad
• Around 90% of foreign exchange trading involved the US dollar
• Close to 60% of global foreign exchange reserves were held in dollars as of 2021
• The US is the worlds top producers of oil and natural gas
• Due to the Russia Ukraine war, the EU was relying on American Oil and gas
• By 2021 the US was producing about 11 million barrels of crude oil per day and around 100 billion cubic feet of gas per day
• Foreign Aid is the money the US provides to other countries in support of a common interest of the US and that country
• Foreign aid money goes to either a government entity or to communities in that country
• Foreign aid money is used for: humanitarian assistance for life-saving relief from natural and man made disasters ; developing assistance that promotes the economic, social and political development of countries and communities ; securing assistance, which helps strengthen military and security forces in countries allied by the US
• America spends more than any country in foreign aid ($39 billion in 2019 - 1% of its federal budget)