AMERICAN IMPERIALISM 1890 1919
AMERICAN IMPERIALISM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The ability to make friends with money
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U.S could intervene to protect American business
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The U.S and Europe deciding to have the same currency
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Wealthy families give money to charities
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Detailed explanation-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.
Detailed explanation-2: -Dollar Diplomacy, 1909–1913 Taft shared the view held by Knox, a corporate lawyer who had founded the giant conglomerate U.S. Steel, that the goal of diplomacy was to create stability and order abroad that would best promote American commercial interests.
Detailed explanation-3: -The US Government felt obligated, through dollar diplomacy, to uphold economic and political stability. Taft’s dollar diplomacy not only allowed the United States to gain financially from countries but also restrained other foreign countries from reaping any sort of financial gain.
Detailed explanation-4: -U.S. interference in Nicaragua, China, and Mexico in order to protect American interests are examples of dollar diplomacy in action.