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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]
"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.
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]
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]
Taft and Porfirio Díaz, Ciudad Juárez, Mexico, 1909. Díaz opened Mexico to foreign investment of Britain, France, Germany, and most especially the United States. Mexico–United States relations during Díaz's presidency were generally strong, although he began to strengthen ties with Great Britain, Germany, and France to offset U.S. power and influence. [7]
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.
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 ...
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.