I am pretty sure it is called dollar diplomacy.
Dollar Diplomacy. study island sux!
Blake lovesss me.
Tafts dollar diplomacy was created to protect US businesses in foreign countries. It is a foreign policy created US president William Howard Taft.
He made the Dollar Diplomacy
dollar diplomacy
President William H. Tafts' ancestry was English and Scotch-Irish.
American investments in Latin America increased.
William Howard Taft, 1909-1913
He served as Secretary of War in Theodore Roosevelt's Cabinet.
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.
President Taft's dollar diplomacy kept Latin America dependent on foreign investment and aid. President Wilson, however, directly interfered with Mexican affairs, intervening more than his predecessors.
Just do the work
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.