U.S. policy of using the nations economic power to exert influence over other countries.

COLONIALISM AND ITS ANALYSIS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

U.S. policy of using the nation’s economic power to exert influence over other countries.

A	Dollar Diplomacy
B	Moral Diplomacy
C	Big Stick Policy
D	Roosevelt Corollary

Explanation:

Detailed explanation-1: -Overview. From 1909 to 1913, President William Howard Taft and Secretary of State Philander C. Knox followed a foreign policy characterized as “dollar diplomacy". It was a policy whereby American influence would be exerted primarily by American banks and financial interests, supported in part by diplomats.

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: -While it was less dependent on military intervention than Theodore Roosevelt’s foreign policy, Taft’s dollar diplomacy did the United States more harm than good. Still plagued by foreign debt, the Central American countries came to resent U.S. interference, fostering anti-American nationalist movements.

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WORLD HISTORY

COLONIALISM AND IMPERIALISM

COLONIALISM AND ITS ANALYSIS