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Although exports rose sharply during Taft's administration, his Dollar Diplomacy policy was unpopular among Latin American states that did not wish to become financial protectorates of the United States. Dollar Diplomacy also faced opposition in the U.S. Senate, as many senators believed the U.S. should not interfere abroad. [206]
Although exports rose sharply during Taft's administration, his Dollar Diplomacy policy was unpopular among Latin American states that did not wish to become financial protectorates of the United States. Dollar Diplomacy also faced opposition in the U.S. Senate, as many senators believed the U.S. should not interfere abroad. [92]
Dollar diplomacy of the United States, particularly during the presidency of William Howard Taft (1909–1913) was a form of American foreign policy to minimize the use or threat of military force and instead further its aims in Latin America and East Asia through the use of its economic power by guaranteeing loans made to foreign countries. [1]
As it became clear Roosevelt would bolt the party if not nominated, some Republicans sought a compromise candidate to avert electoral disaster; they failed. [157] Taft's name was placed in nomination by Warren Harding, whose attempts to praise Taft and unify the party were met with angry interruptions from progressives. [158]
Warren G. Harding presented Taft's name for the nomination. Taft won the nomination while 344 of Roosevelt's delegates abstained from the vote. Allen read a speech from Roosevelt in which he criticized the process and stated that delegates had been stolen from his in order to secure Taft's nomination.
From that post, Knox reorganized the State Department and pursued dollar diplomacy, which focused on encouraging and protecting U.S. investments abroad. Knox returned to private practice in 1913 after Taft lost re-election. He won election to the Senate in 1916 and played a role in the Senate's rejection of the Treaty of Versailles.
Blue & Gray Diplomacy: A History of Union and Confederate Foreign Relations (2010) Jones, Howard. Abraham Lincoln and a New Birth of Freedom: The Union and Slavery in the Diplomacy of the Civil War. (U of Nebraska Press, 1999). May, Robert E. "The Irony of Confederate Diplomacy: Visions of Empire, the Monroe Doctrine, and the Quest for Nationhood."
6.55% of Taft's votes came from the eleven states of the former Confederacy, with him taking 31.71% of the vote in that region. [44] It was noticeable that the "other" vote was only about seven thousand less than four years earlier. The "other" vote was a plurality in nine counties in the states of Georgia and Texas.