Dollar Diplomacy:

Question

Dollar Diplomacy:

Quizplus · Accepted Answer

Dollar Diplomacy was a foreign policy strategy used by President William Howard Taft, which involved using economic influence rather than military intervention to achieve America's diplomatic goals. This policy aimed to promote American investments and business interests in foreign countries, particularly in Latin America and East Asia, and was seen as a continuation of the Open Door policy of the previous administration. While it had its successes, it also faced criticism for being too focused on American financial gain and neglecting the social and political needs of the countries involved.