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.
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The Dollar Diplomacy was President Taft's effort to manipulate other countries by making loans to them.
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Dollar Diplomacy
Dollar diplomacy was an extension of the Roosevelt Corollary in the sense that Roosevelt tried to eliminate European
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