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"Dollar diplomacy" aimed at keeping financial stability in the Caribbean basin area and at expanding and protecting financial and commercial American interests. The Taft´s foreign policy especially encouraged US businesses to invest in the Caribbean, the administration hoped that it would have a stabilizing effect on weak governments there. Nicaragua and the Dominican Republic are examples of the application of "dollar diplomacy."
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yes hope it helps have a good day
The Clayton - Bulwer Treaty was negotiated in 1850 by John M. Clayton and Sir Henry Lytton Bulwer to build the Nicaragua Canal that would connect the Pacific and the Atlantic. It was a treaty between the United States and the United Kingdom. One of the essential points of the treaty was not to obtain or maintain exclusive control of the canal. However, there were disagreements because of the United Kingdom's control of territories surrounding the Nicaragua Canal. The United States wants the canal to be open to all nations equally thus, giving birth to Hay-Pauncefote Treaty that nullified the first treaty. It was signed by US Secretary of State (to answer the question) John Hay and British Ambassador to the United States Lord Pauncefote on the 18th of November 1901.
<span>Laws must originate in The House of Representatives. Hope this helped! :)</span>
