Question

Which best describes William Howard Taft's "Dollar Diplomacy"?

Answer 1

The correct answer should be Exerting American foreign policy influence through business

The idea behind it was that foreigners need American companies and American manufactured goods. In order to get those goods that they weren't capable of making themselves, they would have to accept some certain foreign policies from the United States because without them there wouldn't be any economic help in the form of trade.