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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]
Moral diplomacy is a form of diplomacy proposed by President Woodrow Wilson in his 1912 United States presidential election. Moral diplomacy is the system in which support is given only to countries whose beliefs are analogous to that of the nation. This promotes the growth of the nation's ideals and damages nations with different ideologies. [1]
Dollar diplomacy was designed to avoid military power and instead use American banking power to create a tangible American interest in China that would limit the scope of the other powers, increase the opportunity for American trade and investment, and help maintain the Open Door of trading opportunities of all nations.
This announcement has been described as the policy of "speaking softly but carrying a big stick", and consequently launched a period of "big stick" diplomacy, in contrast with later Dollar Diplomacy. [8] Roosevelt's approach was more controversial among isolationist-pacifists in the U.S.
Big stick ideology, big stick diplomacy, big stick philosophy, or big stick policy was a political approach used by the 26th president of the United States, Theodore Roosevelt. The terms are derived from an aphorism which Roosevelt often said: "speak softly and carry a big stick; you will go far". [ 1 ]
Moral injury is a relatively new concept that seems to describe what many feel: a sense that their fundamental understanding of right and wrong has been violated, and the grief, numbness or guilt that often ensues. Here, you will meet combat veterans struggling with the moral and ethical ambiguities of war.
Nearly a decade later, Grimes-Watson is haunted by the war and her part in it, bearing moral injuries literally so unspeakable that she seems beyond help. “I avoid talking about it, try to keep it down,” she told me in a recent phone conversation. “But inside I’m trying to do the happy face so no one knows how much I’m hurting.”
Taft and his Secretary of State, Philander Knox, instituted a policy of Dollar Diplomacy toward Latin America, believing U.S. investment would benefit all involved, while diminishing European influence in regions where the Monroe Doctrine applied.