Which of the following statements best represents President Taft's Dollar Diplomacy?

A. Taft's international policy to establish open seas.
B. Taft's foreign policy that aimed to assist allies during World War I to help win the war.
C. Taft's domestic policy that aimed to use the federal government to assist people suffering during the Great Depression.
D. Taft's foreign policy, which involved using American economic power to push for favorable foreign policies.

Question

29-07-2024
History

Answered

Which of the following statements best represents President Taft's Dollar Diplomacy?

A. Taft's international policy to establish open seas.
B. Taft's foreign policy that aimed to assist allies during World War I to help win the war.
C. Taft's domestic policy that aimed to use the federal government to assist people suffering during the Great Depression.
D. Taft's foreign policy, which involved using American economic power to push for favorable foreign policies.

Answer :

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Final answer:

Dollar Diplomacy was a foreign policy strategy by President Taft that utilized American economic power for favorable foreign policies in Latin America.

Explanation:

Dollar Diplomacy, also known as Taft's Dollar Diplomacy, was a foreign policy strategy employed by President Taft that involved using American economic power to push for favorable foreign policies, specifically in Latin America. Taft aimed to replace military interventions with economic development efforts through American investments in the region to promote stability and improve diplomatic relations.

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