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diplomacy of the United States—particularly during President William Howard Taft's presidential term—was a form of American foreign policy to minimize the use or threat of military force and instead further its aims in Latin America and East Asia through the use of its economic power by guaranteeing loans made to foreign countries.[1] In his message to Congress on 3 December 1912, Taft summarized the policy of Dollar Diplomacy:
The diplomacy of the present administration has sought to respond to modern ideas of commercial intercourse. This policy has been characterized as substituting dollars for bullets. It is one that appeals alike to idealistic humanitarian sentiments, to the dictates of sound policy and strategy, and to legitimate commercial aims.[2]
Dollar diplomacy was not new, as the use of diplomacy to promote commercial interest dates from the early years of the Republic. However, under Taft, the State Department was more active than ever in encouraging and supporting American bankers and industrialists in securing new opportunities abroad. Bailey finds that dollar diplomacy was designed to make both people in foreign lands and the American investors prosper.[3]
The concept is relevant to both Liberia, where American loans were given in 1913, and Latin America. Latin Americans tend to use the term "dollar diplomacy" disparagingly to show their disapproval of the role that the U.S. government and U.S. corporations have played in using economic, diplomatic and military power to open up foreign markets. When Woodrow Wilson became president in March 1913, he immediately canceled all support for Dollar diplomacy. Historians agree that Taft's Dollar diplomacy was a failure everywhere. In the Far East, it alienated Japan and Russia and created a deep suspicion among the other powers hostile to American motives.[4][5]
Answer: The Republic of Ghana is named after the medieval West African Ghana Empire. The empire became known in Europe and Arabia as the Ghana Empire after the title of its Emperor, Ghana. The Empire appears to have broken up following the 1076 conquest by the Almoravid General Abu-Bakr Ibn-Umar. The Gold Coast was the first British colony in Africa to become independent. After independence, its name changed to Ghana, and the first president was Kwame Nkrumah. Ghana is in West Africa, in the Gulf of Guinea. The name Ghana comes from an ancient kingdom several 100 kilometres northwest of the modern republic.
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Cleisthenes was an ancient Athenian lawgiver credited with reforming the constitution of ancient Athens and setting it on a democratic footing in 508 BCE. For these accomplishments, historians refer to him as "the father of Athenian democracy."
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"One of the major ways in which Europeans justified imperialism in the late nineteenth century was by siting the most recent works of Darwin, and his theory of the "survival of the fittest."
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