USA HISTORY

AMERICAN IMPERIALISM(1890 1919)

AMERICAN IMPERIALISM

[SOURCES]
Dollar diplomacy-we will do business with nations loyal to the US

(A) ** Taft

(B) Wilson

(C) Roosevelt

EXPLANATIONS BELOW

Concept note-1: -Dollar Diplomacy, foreign policy created by U.S. Pres. William Howard Taft (served 1909–13) and his secretary of state, Philander C. Knox, to ensure the financial stability of a region while protecting and extending U.S. commercial and financial interests there.

Concept note-2: -President Taft was more committed to the expansion of U.S. foreign trade than was Roosevelt. He pursued a program, known as “dollar diplomacy, ” designed to encourage U.S. investments in South and Central American, the Caribbean, and the Far East.

Concept note-3: -Dollar diplomacy was meant to secure the financial prosperity of the United States and secure its superiority over other nations. In dollar diplomacy foreign policy, the United States lent money to foreign countries in return for the ability to make decisions for the governments of those countries.