WORLD WAR I
CAUSES AND COURSE OF THE WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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U.S. military interventions in European countries
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free trade between countries in the Eastern Hemisphere
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innovations in constructions and transportation in the Northern Hemisphere
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U.S. financial institutions lending money to Central America
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Detailed explanation-1: -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-2: -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-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 was meant to secure the financial prosperity of the United States and secure its superiority over other nations. In dollar diplomacy foreign policy, the United States lent money to foreign countries in return for the ability to make decisions for the governments of those countries.