(A) was practiced by the political machines in New York City.
(B) was Teddy Roosevelt’s main strategy in dealing with foreign countries during his presidency.
(C) plays no part in U.S. policy today.
(D) ** includes trying to influence foreign governments by investing in their country or paying off their debts.
EXPLANATIONS BELOW
Concept note-1: -From 1909 to 1913, President William Howard Taft and Secretary of State Philander C. Knox followed a foreign policy characterized as “dollar diplomacy". It was a policy whereby American influence would be exerted primarily by American banks and financial interests, supported in part by diplomats.
Concept note-2: -Definition of ‘dollar diplomacy’ 1. the policy of using the economic power or influence of a government to promote and protect in other countries the business interests of its private citizens, corporations, etc. 2. the use of economic power by a country to further foreign policy goals.
Concept note-3: -Dollar Diplomacy was an economic policy of the United States of America begun during the William Howard Taft Presidency (1909-1913).
Concept note-4: -In what became known as “dollar diplomacy, ” Taft announced his decision to “substitute dollars for bullets” in an effort to use foreign policy to secure markets and opportunities for American businessmen ([link]).