Question

What was the result of president Taft’s “dollar diplomacy”?

Answer 1

On one hand, he was the initiator of what became known as dollar diplomacy, in which the United States used its military might to promote American business interests abroad.

(i got this from google btw)

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Answer 2

Dollar diplomacy is the trem used to refer the policy aimed at promoting the interests of the United States abroad by encouraging the investment of U.S. capital in foreign countries. Overall was to encourage and protect trade within Latin America and Asia. Particularly during President William Howard Taft's term the United States felt obligated, through the dollar diplomacy, to uphold economic and political stability of  Venezuela, Cuba and Central America.

As a result of Taft's dollar diplomacy  the United States not only gained financially from countries, but also restrained other foreign countries from reaping any sort of financial gain. Consequently, when the United States benefited from other countries, other world powers could not reap those same benefits.