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2 sie 2021 · Dollar diplomacy is the term applied to American foreign policy under President William Howard Taft and his secretary of state, Philander C. Knox, to ensure the financial stability of Latin American and East Asian countries, while also expanding U.S. commercial interests in those regions.
Dollar Diplomacy, foreign policy created by U.S. President William Howard and Secretary of State Philander C. Knox to ensure the financial stability of a region while advancing U.S. commercial and financial interests there.
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. [1]
DOLLAR DIPLOMACY meaning: 1. the use of a country's financial power to increase its influence over other countries, often by…. Learn more.
11 cze 2018 · DOLLAR DIPLOMACY involved arrangements by which insolvent foreign governments gained access to U.S. private bank loans in return for direct U.S. financial supervision or for acting as part of an economic consortium of great powers. Often U.S. financial experts tied to the loan process assumed the tasks of fiscal reorganization and ...
A term used to describe foreign policies designed to subserve US business interests. It was first applied to the policy of President Taft, whereby investments and loans, supported and secured by federal action, financed the building of railways in China after 1909.
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 opportunities for American businessmen ([link]).
