The object of William Howard Taft's "Dollar Diplomacy" was to
A) use federal funds to buy access into South American countries.
B) advance American commercial interests abroad.
C) encourage countries to invest in the U.S. stock market.
D) persuade European governments to cooperate in making financial decisions.
E) bribe Chinese officials to obtain concessions for American businessmen.

Question

Quizplus · Accepted Answer

"Dollar Diplomacy" was a policy aimed at furthering the interests of the United States abroad by encouraging the investment of U.S. capital in foreign countries. This approach was particularly focused on promoting American commercial, political, and strategic interests, especially in Latin America and East Asia, by using economic power.

The Object of William Howard Taft's "Dollar Diplomacy" Was to