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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]
This model—in which U.S. advisors worked to stabilize Latin American nations through temporary protectorates, staving off European action—became known as "dollar diplomacy". The Dominican experiment, like most other "dollar diplomacy" arrangements, proved temporary and untenable, and the United States launched a larger military intervention ...
For example, U.S. President William Howard Taft used dollar diplomacy and dispatched 2,700 Marines to Nicaragua in order to suppress a revolution against the government of President Adolfo Díaz, which was directly threatening U.S. economic interests in Central America.
Allen, Debra J. Historical Dictionary of U.S. Diplomacy from the Revolution to Secession (2012) excerpt and text search; Anderson, Frank Maloy and Amos Shartle Hershey, eds. Handbook For The Diplomatic History Of Europe, Asia, and Africa, 1870–1914 (1918) online; Bailey, Thomas A. A Diplomatic History of the American People (10th edition 1980 ...
Donald Trump's second term as president is marked by a shift from multilateralism to unilateralism, with a focus on reasserting control over strategic infrastructure and using punitive measures to ...
The officially stated goals of the foreign policy of the United States of America, including all the bureaus and offices in the United States Department of State, [1] as mentioned in the Foreign Policy Agenda of the Department of State, are "to build and sustain a more democratic, secure, and prosperous world for the benefit of the American people and the international community". [2]
(Reuters) -European leaders were bracing for U.S. tariffs after sweeping levies imposed by U.S. President Donald Trump, affecting billions of dollars in trade between Mexico, China and Canada ...
The dollar surged against global currencies last year and looks to remain strong in 2025 if global investors continue pouring money into the booming U.S. stock market, according to Societe ...