Answer: True
Explanation:
Dollar diplomacy was a form of US foreign policy developed by President William Howard Taft, which consisted of using the economic power of the United States over Latin America and East Asia (with loans), rather than using military force.
It should be noted that it was President Roosevelt (Taft's predecessor) who laid the foundation for this policy. All this in order to protect the interests of the United States in Latin America, by encouraging stability in those countries and expanding US commercial interests in those nations.
First to sing the Declaration of Independence
The imperialism prevails because it shaped not by distributing or transporting enormous numbers of refugees to settle and inhabit new lands, but instead by generating and producing political, military, and business structures that permitted them to govern and profit from existing inhabitants. This enhances imperial nations and formed new classes or types of people whose lives were molded by demands of imperial administration and business.
