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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.
- The Editors of Encyclopaedia Britannica
Dollar diplomacy of the United States, particularly during the presidency of William Howard Taft (1909–1913) was a form of American foreign policy to minimize the use or threat of military force and instead further its aims in Latin America and East Asia through the use of its economic power by guaranteeing loans made to foreign countries.
When William Howard Taft became president in 1909, he chose to adapt Roosevelt’s foreign policy philosophy to one that reflected American economic power at the time. 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 ...
- OpenStaxCollege
- 2014
When William Howard Taft became president in 1909, he chose to adapt Roosevelt’s foreign policy philosophy to one that reflected American economic power at the time. 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 ...
- P. Scott Corbett, Volker Janssen, John M. Lund, Todd Pfannestiel, Sylvie Waskiewicz, Paul Vickery
- 2014
En lo que se conoció como “diplomacia del dólar”, Taft anunció su decisión de “sustituir dólares por balas” en un esfuerzo por utilizar la política exterior para asegurar mercados y oportunidades para los empresarios estadounidenses (Figura 22.5.1).
When William Howard Taft became president in 1909, he chose to adapt Roosevelt’s foreign policy philosophy to one that reflected American economic power at the time. 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 ...
Explain how William Howard Taft’s “dollar diplomacy” used American economic power to protect the nation’s interests in its new empire. When William Howard Taft became president in 1909, he chose to adapt Roosevelt’s foreign policy to one that reflected American economic power at the time.
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