What is the significance of the i ii IV V chord progression in music theory and how is it commonly used in different musical genres?

The i ii IV V chord progression is significant in Music Theory because it is versatile and commonly used in various genres. It is often associated with a sense of resolution and tension, creating a familiar and satisfying sound for listeners. In different genres, such as rock, pop, and blues, this progression is frequently used to build momentum and create a strong foundation for melodies and harmonies.