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.
He made the Dollar Diplomacy
Tafts dollar diplomacy was created to protect US businesses in foreign countries. It is a foreign policy created US president William Howard Taft.
I am pretty sure it is called dollar diplomacy.
American investments in Latin America increased.
dollar diplomacy
The dollar diplomacy was a policy implemented by President William Howard Taft in the early 20th century.
William H Taft
William Howard Taft is the president that the phrase dollar diplomacy calls to mind.
Dollar Diplomacy:]
Americans invested in banks, business, and resources in Latin America
Americans invested in banks, business, and resources in Latin America
U.S.President William Howard Taft .