What was the main idea behind President Taft's dollar diplomacy?

Answer 1

President Robert Taft's Dollar Diplomacy included foreign aid when the country aligned with the United States in a political dispute. This aid could come in the guise of trade benefits, humanitarian aid, or investment.

Answer 2

Dollar Diplomacy was an effort made by President Taft to try to maintain inner and outer peace of the United States by throwing money around. Essentially using the U.S.'s wealth to keep things running smoothly inside and use our money as well as debts or money that other countries owed us, or were tied up in (using our resources, borrowing our money, owing us debt, etc.) to maintain peace with other countries to ensure that nothing bad happened. Basically saying, "Hey, if you guys try to do anything bad to us, we will bankrupt you and you will be destroyed and you economies will be dead, so don't mess with us and we won't hurt you."

Answer 3

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.

Answer 4

President Taft wanted to have a stronger economic relationship with other nations in Asia and South America. President Taft instituted Dollar Diplomacy a policy to guarantee loans for economic development.

Answer 5

his policy was about making money and be succesful.

Answer 6

Dollar diplomacy linked American business interests to diplomatic interests abroad.

Answer 7

that is just how it is