USA HISTORY

Detailed explanation-1: -Dollar Diplomacy was meant to support the independence of Latin American countries from their European counterparts while also subtly, or blatantly, encouraging countries to take assistance from the United States.

Detailed explanation-2: -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-3: -Taft’s Dollar Diplomacy Taft built upon Roosevelt’s foreign policy, but took it a little further. Along with his Secretary of State, Philander Knox, he actively encouraged private American businesses and banks to put their money into foreign markets as a way to increase America’s international presence.

Detailed explanation-4: -Dollar diplomacy refers to the U.S. foreign policy created by President William Howard Taft and Secretary of State Philander C. Knox in 1912. 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.