Dollar diplomacy refers to the foreign policy strategy employed by the United States, particularly during the early 20th century, aimed at promoting American financial interests abroad. It sought to use economic investments and loans to influence and stabilize countries, particularly in Latin America and Asia, rather than through military intervention. This approach aimed to create favorable conditions for American businesses while also fostering political stability in the target nations. Ultimately, dollar diplomacy highlighted the interplay between economics and foreign policy in expanding U.S. influence globally.
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Dollar diplomacy
Dollar diplomacy refers to the use of a country's financial power to influence international relations. An example of dollar diplomacy is when a country provides loans or investments to another country in exchange for political influence or favorable treatment.
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President Taft engaged in what came to be known as Dollar Diplomacy from 1909 to 1913. The idea behind it was that the purpose of peace and stability in Latin America was to protect America's financial and business interests.
Benjamin Harrison created the policy named dollar diplomacy in 1894.
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---- Answer: Dollar Diplomacy ----
Dollar Diplomacy
Dollar Diplomacy
Dollar diplomacy in Latin America produced loans to foreign countries.
The result of President Taft's dollar diplomacy was that American investments in Latin America increased.