Answer: Dollar diplomacy of the United States—particularly during President William Howard Taft's presidential term—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. (creds to internet)
It was "New Amsterdam" that was founded by the Dutch in the early-1600s and is now known as New York City, since they wanted to name this colony after the capital of their homeland.
