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rusak2 [61]
4 years ago
7

What was the underlying purpose of the policy of Dollar Diplomacy?

History
1 answer:
k0ka [10]4 years ago
4 0

Dollar diplomacy, known as "[a] policy aimed at furthering the interests of the United States abroad by encouraging the investment of U.S. capital in foreign countries", was initiated by President William Taft. The United States felt obligated, through the dollar diplomacy, to uphold economic and political stability.


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