Dollar Diplomacy
President William Howard Taft
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.
Increased United States power in Latin America.
Dollar Diplomacy is the term used to describe the efforts of the United States - particularly under PresidentWilliam 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.
Dollar diplomacy in Latin America produced loans to foreign countries.
Dollar diplomacy
The result of President Taft's dollar diplomacy was that American investments in Latin America increased.
U.S. Dollar Diplomacy in Latin America was often accompanied by military intervention.
The US Dollar Diplomacy in Latin America was often accompanied by military intervention. -Apex ;)
The result of President Taft's dollar diplomacy was that American investments in Latin America increased.
Greater economic influence for the United States
The purpose of Dollar Diplomacy is to use the power of money, i.e. US Dollars, to influence regions such as Latin America and East Asia. This was done by funding huge loans in order to further their aims.
Dollar diplomacy in Latin America resulted in increased American intervention in the region through financial and economic means. This often led to the establishment of American-controlled businesses, infrastructure projects, and loans that heavily influenced Latin American economies and politics. Some viewed it as a form of economic imperialism, generating resentment and anti-American sentiments in the region.
American investments in Latin America increased.
Dollar Diplomacy
It went along with American military action.