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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]
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]
Taft's older half-brother Charles, successful in business, supplemented Taft's government salary, allowing William and Nellie Taft and their family to live in comfort. Taft's duties involved hearing trials in the circuit, which included Ohio, Michigan, Kentucky, and Tennessee, and participating with Supreme Court Justice John Marshall Harlan ...
Taft crucially recognized that efficiency did not necessarily mean cuts and that it also often demanded hiring the best experts possible. The early 20th century was known as the “Progressive Era.”
William_Taft_video_montage.ogv (Ogg multiplexed audio/video file, Theora/Vorbis, length 27 s, 480 × 360 pixels, 1.62 Mbps overall, file size: 5.11 MB) This is a file from the Wikimedia Commons . Information from its description page there is shown below.
For the first time in inauguration history, the incoming First Lady (in this case Helen Herron Taft) joined her husband in leading the parade from the Capitol to the White House. Probably during the parade, the choral march "Our Country" by Arthur Whiting was played. [3] An inaugural ball that evening was held at the Pension Building.
Taft with Woodrow Wilson prior to the latter's inauguration. March 4, 1913. January 20 - Taft accepts a position as professor at Yale Law School. [54] February 8 - Taft personally attends a session of Congress to deliver a eulogy for Vice President James S. Sherman. This is the first time a president has attended a session of Congress ...