The dollar's diplomacy was a U.S. strategy to impose its economic superiority over other strategic countries for U.S. interests by promising long-term concessions, credits and investment (trusts) in those countries (mostly in Latin America, Asia, and Africa). This policy was developed by Theodore Roosevelt, who served as a mediator during the first decade of the twentieth century when the naval blockade of European countries to Venezuela took place. William Taft, who had great influence in the building of the Panama Canal during his presidency, and in Honduras ' economic offer to manage the largest banana plantations in the Caribbean, adopted this policy.
