I am pretty sure it is called dollar diplomacy.
Blake lovesss me.
Tafts dollar diplomacy was created to protect US businesses in foreign countries. It is a foreign policy created US president William Howard Taft.
He made the Dollar Diplomacy
dollar diplomacy
President William H. Tafts' ancestry was English and Scotch-Irish.
American investments in Latin America increased.
William Howard Taft, 1909-1913
He served as Secretary of War in Theodore Roosevelt's Cabinet.
He used and expanded on the Roosevelt Corollary, which allowed the US to interfere with the business of other nations if they were "politically or financially unstable." He justified his protecting Panama Canal with this. The dollar diplomacy was the term given to his policy of guaranteeing loans made to foreign countries.
President Taft's dollar diplomacy kept Latin America dependent on foreign investment and aid. President Wilson, however, directly interfered with Mexican affairs, intervening more than his predecessors.
Just do the work
William Howard Taft's presidency differed from Theodore Roosevelt's in several key ways, primarily in their approaches to trust-busting and foreign policy. While Roosevelt was known for his vigorous enforcement of antitrust laws and a proactive foreign policy, famously promoting the "Big Stick" approach, Taft adopted a more legalistic and less aggressive stance on both fronts. Taft's administration pursued more antitrust lawsuits than Roosevelt but was criticized for lacking the same dynamic leadership style. Additionally, Taft's focus on tariff reform and his less interventionist foreign policy marked a departure from Roosevelt's more assertive strategies.