USA HISTORY

AMERICAN IMPERIALISM(1890 1919)

AMERICAN IMPERIALISM

[SOURCES]
(Taft) A policy of joining the buiness interests of a country with its dipolmatic interests.

(A) Open Door policy

(B) Sphere of Influence

(C) ** Dollar Diplomacy

(D) Jingoism

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: -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: -He signed the first tariff revision since 1897; established a postal savings system; formed the Interstate Commerce Commission; and prosecuted over 75 antitrust violations, far more than pursued by the “trust-buster” Theodore Roosevelt.