4 years ago

How did President Taft's "dollar diplomacy" help Americans gain economic power over Latin American countries?

1 answer:

5 0

Answer:

"Dollar diplomacy" aimed at keeping financial stability in the Caribbean basin area and at expanding and protecting financial and commercial American interests. The Taft´s foreign policy especially encouraged US businesses to invest in the Caribbean, the administration hoped that it would have a stabilizing effect on weak governments there. Nicaragua and the Dominican Republic are examples of the application of "dollar diplomacy."

Explanation:

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