In an attempt to avoid armed intervention,Taft's strategy involving U.S.banks was called

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Taft's strategy involving U.S. banks was called dollar diplomacy. This strategy aimed to use private American capital to further U.S. economic interests in Latin America and East Asia, thereby avoiding the need for military intervention. It focused on providing financial assistance to developing nations in exchange for their loyalty and agreements to support American business interests.

In an Attempt to Avoid Armed Intervention,Taft's Strategy Involving U