The symbiotic relationship between American oil and banking oligopolies in the post-war period

In the post-war period, there is a symbiotic relationship between American oil and banking oligopolies. Because of this symbiotic relationship, the interests of these two oligopolies and the policies they pursued were common or associated. However, this relationship has not received enough attention in the literature. This study aims to discover the origins of this symbiotic relationship, why the interests of these two oligopolies and the policies they pursued were common in the post-war period, by examining the dollar, oil and petrodollar crises of the 1970s. To test the hypothesis that the symbiotic relationship between the two olipols would require these two oligopolies to have common interests and policies in the face of certain crises and challenges, a qualitative research was conducted and for this purpose, primary and secondary sources were used. The primary source was the official records of the American government's reports, investigations and congressional committee sessions on oil and banking oligopolies. The results of the study revealed that American oil and banking oligopolies had a strong symbiotic relationship and this relationship played an important role in the post-war period, especially in the dollar, oil and petrodollar crises of the 1970s. Therefore, these results show that American oil and banking oligopolies fed each other due to their symbiotic relationship, pursued common policies even if they were against their own countries and people in order to reach their common interests, and did not hesitate to cause even global crises when necessary.