USA HISTORY

Detailed explanation-1: -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.

Detailed explanation-2: -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.

Detailed explanation-3: -Taft’s policies created some troubles that were immediate, and others that would not bear fruit until decades later. The tremendous debts in Central America created years of economic instability there and fostered nationalist movements driven by resentment of America’s interference in the region.

Detailed explanation-4: -Dollar Diplomacy sought to bolster the struggling economies of Latin American and East Asian countries while also expanding U.S. commercial interests in those regions. U.S. interference in Nicaragua, China, and Mexico in order to protect American interests are examples of dollar diplomacy in action.

Detailed explanation-5: -In what way was President Taft’s foreign policy strategy of business investment in the Western Hemisphere unsuccessful? Taft still had to send in the navy and Marines to intervene in the political affairs of several Latin American nations.