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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Moral Diplomcay
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Open Door Policy
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Dollar Diplomacy
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Big Stick Diplomacy
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Detailed explanation-1: -Between 1909 and 1913, President Taft’s answer to that question was dollar diplomacy, a series of policy initiatives that attempted to broaden the scope of US economic and political influence around the world through financial measures such as bank loans to developing nations.
Detailed explanation-2: -President Taft was more committed to the expansion of U.S. foreign trade than was Roosevelt. 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-3: -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]).
Detailed explanation-4: -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.