AMERICAN IMPERIALISM 1890 1919
THE SPANISH AMERICAN WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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raise the standard of living in Latin America
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protect US businesses from foreign takeovers
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race funds needed for building the Panama Canal
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encourage US investment in Latin American businesses
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Detailed explanation-1: -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.
Detailed explanation-2: -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-3: -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-4: -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.