Pax Britannica lasted 116 years from the end of the Napoleonic Wars in 1815 to the default on gold payment by the Bank of England on September 21, 1931.
Pax America did not officially begin until the conclusion of the Bretton Woods Conference had created the IMF and made the US Federal Reserve Note the world’s reserve currency. Continue reading “From Pax Britannica To Pax America To The Petrodollar To Helter Skelter.”