Financial Power, Political Power, and Ideologies in the World Stage in the 20th Century

What were the dynamics of financial power, political power, and ideologies in the center-periphery scenario of the world in the 20th century?

Financial Power

Financial power in the 20th century was concentrated in Western Europe and the United States during the first half of the century. These regions had superior access to resources, giving them economic advantages over other countries. Many nations in Latin America, Africa, and Asia were at the economic and financial periphery, relying on foreign investments and aid for development. This disparity in financial power created a hierarchical structure where central economies held significant influence and control.

Political Power

Political power was also centered in Europe and the United States during the 20th century. These powerful nations controlled their colonies and territories, exerting authority over other regions. Periphery countries in Latin America, Africa, and Asia struggled for independence and autonomy under colonial powers, shaping the political landscape of the time.

Ideologies

The dominant ideologies in the center during the 20th century were liberalism and capitalism. These ideologies promoted the market economy, private property, and individual freedoms. In contrast, periphery countries often adopted alternative ideologies or sought to challenge the existing power structures through nationalist movements and decolonization efforts.
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