In what ways did President William Howard Taft differ from his predecessor, Theodore Roosevelt, in his approach toAmerican imper
ialism? Main Events Impact on American foreign policy and international relations and how it differed from Teddy Dollar Diplomacy Favored American financial investment abroad rather than navyChinese Railroads Succeeded in securing American participation in an agreement signed in 1911Nicaragua US intervened in Nicaragua’s financial affairs to protect American investments in 1911, civil war in 1912Lodge Corollary Stated that non-European powers (such as Japan) would be excluded from owning territory in the Western Hemisphere. Offended Japan and angered Latin American countries
His dollar diplomacy favoured American financial investment abroad.
Explanation:
President taft was more committed to expansion of US foreign trade by designing policies to encourage U.S investment in the south and central America, the Caribbean and the far east. In order to implement this policy, taft used the government officials to promote sales of American product abroad which consist mainly military hardware and heavy industrial goods.
