USA HISTORY

AMERICAN IMPERIALISM 1890 1919

AMERICAN IMPERIALISM

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Dollar Diplomacy ____
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.
Explanation: 

Detailed explanation-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.

Detailed explanation-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.

Detailed explanation-3: -Dollar Diplomacy was an economic policy of the United States of America begun during the William Howard Taft Presidency (1909-1913).

Detailed explanation-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]).

There is 1 question to complete.