William Howard Taft said, "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." What is the name of this foreign policy?
Explanation: Foreign policy created under President Taft that had the U.S. exchanging financial support ($) for the right to "help" countries make decisions about trade and other commercial ventures. Basically it was exchanging money for political influence in Latin America and the Caribbean.
