USA HISTORY

AMERICAN IMPERIALISM(1890 1919)

AMERICAN IMPERIALISM

[SOURCES]
What was the name given to Taft’s foreign policy?

(A) ** Dollar Diplomacy

(B) Big Stick

(C) Moral Diplomacy

(D) Taft Corollary

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: -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.

Concept note-3: -President Taft, like RooseveltPresident from 1901-1909, favored an imperialistic approachprocess whereby stronger nations attempt to dominate weaker nations, but with dollars instead of guns.