Dollar Diplomacy is the term used to describe the efforts of the United States - particularly under President William Howard Taft - to further its foreign policy aims in Latin America and East Asia through use of its economic power by guaranteeing loans made to foreign countries.
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.
William Howard Taft's wife was Helen (Nellie) Herron.
William Howard Taft served one complete term as President. 4 March 1909 to 4 March 1913.
President Taft had three pets-- two cows and a dog. The cows were Pauline Wayne and Mooly Wooly, and the dog was named Caruso. (President Taft was the last president to keep cows on the White House grounds.)
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
I am pretty sure it is called dollar diplomacy.
American investments in Latin America increased.
Americans invested in banks, business, and resources in Latin America
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
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.
dollar diplomacy
William Howard Taft, 1909-1913
President William H. Tafts' ancestry was English and Scotch-Irish.
Americans invested in banks, business, and resources in Latin America