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Explain the difference between roosevlets big stick diplomacy and Tafts dollar diplomacy?
Wiki User
∙ 13y ago
Roosevelt's Corollary was an addition to the Monroe Doctrine that declared the United States could intervene, or use military force to keep peace, in Latin American countries when necessary.
Dollar Diplomacy focused on business. Taft believed the United States should invest in other countries to maintain and increase its power. Wall street bankers backed loans made by US business to foreign countries.
Basically, Roosevelt's "big stick" was military and Taft's "big stick" was business.
Wiki User
∙ 13y ago
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