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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]
The US dollar continues to underpin the world economy and is the key currency for medium of international exchange, unit of account (e.g. pricing of oil), and unit of storage (e.g. treasury bills and bonds) and, despite arguments to the contrary, is not in a state of hegemonic decline (cf. Fields & Vernengo, 2011, 2012).
"Columbia's Easter bonnet". The bonnet is labelled "World Power". Puck magazine (New York), 6 April 1901 by Ehrhart after sketch by Dalrymple.. The history of U.S. foreign policy from 1897 to 1913 concerns the foreign policy of the United States during the Presidency of William McKinley, Presidency of Theodore Roosevelt, and Presidency of William Howard Taft.
Colonialism's core meaning is the exploitation of the valuable assets and supplies of the nation that was conquered and the conquering nation then gaining the benefits from the spoils of the war. [18]: 170–75 The meaning of imperialism is to create an empire, by conquering the other state's lands and therefore increasing its own dominance ...
The U.S. dollar is the de facto world currency. [217] The term petrodollar warfare refers to the alleged motivation of U.S. foreign policy as preserving by force the status of the United States dollar as the world's dominant reserve currency and as the currency in which oil is priced. The term was coined by William R. Clark, who has written a ...
consistently condemned militarism, imperialism, and interventionism in foreign policy. They instead advocated world involvement along liberal-internationalist lines. Wilson's appointment of William Jennings Bryan as Secretary of State indicated a new departure, for Bryan had long been the leading opponent of imperialism and militarism and a ...
McKinley was assassinated in September 1901 and was succeeded by Vice President Theodore Roosevelt. He was the foremost of the five key men whose ideas and energies reshaped American foreign policy: John Hay (1838-1905); Henry Cabot Lodge (1850-1924); Alfred Thayer Mahan (1840-1914); and Elihu Root (1845-1937).
Theories of imperialism are a range of theoretical approaches to understanding the expansion of capitalism into new areas, the unequal development of different countries, and economic systems that may lead to the dominance of some countries over others. [1]