Question

What justification did president Taft use to support his use of dollar diplomacy bin Latin America and Asia?

Answer 1

Dollar diplomacy guaranteed loans made to foreign countries to propel the date of commercial interest from the first years of the Republic. However, under Taft, the state Department was more active than ever in promoting and supporting American bankers and Industrialists in providing new opportunities abroad. Dollar diplomacy was designed to do and people to foreign countries and American investors prosperous.