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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negotiate terms with Colombia to build the Panama Canal.
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aid Great Britain while maintaining neutrality during World War II.
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use economic influence to promote stability to Latin America.
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promote global economic growth during the Great Depression.
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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: -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 sought to bolster the struggling economies of Latin American and East Asian countries while also expanding U.S. commercial interests in those regions. U.S. interference in Nicaragua, China, and Mexico in order to protect American interests are examples of dollar diplomacy in action.