Dollar Diplomacy refers to the use of a country's financial power to extend its international influence. This strategy was notably used by President William H. Taft, emphasizing economic investment and loans from American banks to foreign countries, rather than direct military intervention, to achieve U.S. policy goals.

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Dollar Diplomacy

Question 12

Multiple Choice

Dollar Diplomacy

A) characterizes the foreign policy of Theodore Roosevelt.
B) was put in place by Woodrow Wilson regarding Mexico.
C) was used by William H. Taft instead of military intervention.
D) was seldom used and never successfully.
E) was applied only in Asia.

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