A developed nation is a country that: 1. Form of government (Democracy) 2. Free market economy 3. Lack of corruption 4. More dependent on manufacturing than on agriculture 5. Advanced/Abundant technology. A developing nation is a country that: 1.Has a low standard of living 2. Has an undeveloped industry 3. Lacks modern technology 4. Has low levels of education, healthcare, and life expectancy. A developed nation has reached the highest level of advancement for its people, life in these countries is really good. In a developing nation however, life is very difficult for its people. These nations have not reached the level of advancement developed nations reached.
Dollar Diplomacy, foreign policy created by U.S. Pres. William Howard Taft (served 1909–13) and his secretary of state, Philander C. Knox, to ensure the financial stability of a region while protecting and extending U.S. commercial and financial interests there.
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Further, Washington initially refused to attend because he suspected that he would be made the Convention's leader, and probably be proposed as the nation's first chief executive.
