President Taft engaged in what came to be known as Dollar Diplomacy from 1909 to 1913. The idea behind it was that the purpose of peace and stability in Latin America was to protect America's financial and business interests.
He made the Dollar Diplomacy
I am pretty sure it is called dollar diplomacy.
American investments in Latin America increased.
Tafts dollar diplomacy was created to protect US businesses in foreign countries. It is a foreign policy created US president William Howard Taft.
dollar diplomacy
He used and expanded on the Roosevelt Corollary, which allowed the US to interfere with the business of other nations if they were "politically or financially unstable." He justified his protecting Panama Canal with this. The dollar diplomacy was the term given to his policy of guaranteeing loans made to foreign countries.
Americans invested in banks, business, and resources in Latin America
Americans invested in banks, business, and resources in Latin America
Americans invested in banks, business, and resources in Latin America
There were two goals that Roosevelt had when making the policy and Taft dollar towards Latin America. The two goals that Roosevelt has were power and money.
Dollar diplomacy
taft