After the Cold War ended in 1991, the United States emerged as the sole superpower with global influence. It maintained this dominance through international organizations like NATO and the UN. The September 11, 2001 terrorist attacks had a major impact, leading the US to declare a "War on Terror" under President George W. Bush. Several presidents since Clinton have governed from this position of American global dominance. However, periodic economic crises like the 1973 Oil Crisis and the 2008 global financial crisis have continued to impact the capitalist world.

1. THE WEST AFTER
THE END OF THE
COLD WAR

2. AMERICAN GLOBAL
DOMINANCE

3.  As a result of the end of the Cold War and the disintegration
of the USSR, the USA became the only remaining
superpower.
AMERICAN GLOBAL DOMINANCE
At the beggining of the 1980s,
President Reagan had initiated
a policy of nuclear reamament
designed to strengthen the
USA´s military defences.
This policy continued until 1987, when
Reagan signed a disarmament agreement
with Gorbachev.

4.  During the administration of George
Bush Sr., the USSR collapsed and the
Cold War ended.
 After 1991, the West entered in a new
era:
 The USA became the only power with
truly global influence.
AMERICAN GLOBAL DOMINANCE
George Bush senior
(1989-1993)

5. AMERICAN GLOBAL DOMINANCE
To maintain this influence, the USA has
frequently used international
organisations in which it has great
influence and power:
U.N. N.A.T.O.

6.  NATO has been
transformed into a
European military
alliance.
AMERICAN GLOBAL DOMINANCE

7.  Presidents Clinto, Bush Jr. and Obama have governed the
USA from this position of global dominance.
AMERICAN GLOBAL DOMINANCE

8.  On September 2001, the USA
suffered a series of terrorist
attacks.
 The most serious were those
against:
 The Twin Towers in New York
 The Pentagon in Washington DC.
 More than 2800 people died as a
result of these attacks.
 They also had a dramatic impact on
the Bush Jr. Administration´s foreign
policy: in response to the attacks,
the USA declared a «War of Terror».
AMERICAN GLOBAL DOMINANCE

9. THE OIL CRISIS
 In 1973, an economic crisis
began in the Western Bloc.
 CAUSE:
 This was caused by the Arab
oil-producing countries´
decision to increase the price
of oil.
 This increase in oil prices,
known as the Oil Crisis, made
raw materials, transport,
electricity and industrial
production more expensive.
 As a result, many companies
had to close.
THE EVOLUTION OF CAPITALISM

10. THE OIL CRISIS
 To solve this problem,
Western governments began
to develop alternative
energy sources such as
nuclear, solar and wind
power.
 Their aim is to reduce their
dependence on oil and avoid
a repetition of the Oil Crisis.
THE EVOLUTION OF CAPITALISM

11. NEOLIBERALISM
EVOLUTION OF CAPITALISM
In the 1980s, governments in Great Britain and the USA implemented
economic policies based on the theories of neoliberalism.
TAX CUTS
These allow
businesses to
invest more.
People would
have more
disposable
income to spend
on consumer
goods.
SPENDING CUTS
These included
privatisation of
state-owned
industries.
Cuts to the public
services such as
healthcare and
education. These
measures aimed
to reduce state
intervention in
the economy.

12.  Despite these changes, the capitalist world has continued to
suffer from periodic recessions.
 The most recent was the global financial crisis which began
in 2008, known as the Credit Crunch.
 Banks have speculated and accumulated too many debts, so
they reduced the amount of money they lent to businesses
and individuals.
EVOLUTION OF CAPITALISM

13.  As a result, many companies went out of business and
unemployment increased dramatically.
EVOLUTION OF CAPITALISM

14.  As a result, many companies went out of business and
unemployment increased dramatically.
EVOLUTION OF CAPITALISM

15. FROM EEC TO EUROPEAN UNION

16.  Al Quaeda
 Video 1
 Video 2
 Democratic revolutions
 Video Arab Spring 2011
THE NEW WORLD ORDER AND
GLOBALISATION