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Historians agree that Taft's Dollar diplomacy was a failure everywhere, In the Far East it alienated Japan and Russia, and created a deep suspicion among the other powers hostile to American motives. [21] [22] Taft avoided involvement in international events such as the Agadir Crisis, the Italo-Turkish War, and the First Balkan War.
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. [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]
Since the 19th century, the United States government has participated and interfered, both overtly and covertly, in the replacement of many foreign governments. In the latter half of the 19th century, the U.S. government initiated actions for regime change mainly in Latin America and the southwest Pacific, including the Spanish–American and Philippine–American wars.
President William Howard Taft sent more troops to the US-Mexico border but did not allow them to intervene directly in the conflict, [3] [4] a move which Congress opposed. [4] Twice during the Revolution, the U.S. sent troops into Mexico, to occupy Veracruz in 1914 and to northern Mexico in 1916 in a failed attempt to capture Pancho Villa.
The Republic of Texas was annexed into the United States and admitted as the 28th state on December 29, 1845. Initially rejected due to concerns over slavery and potential conflict with Mexico, Texas faced economic decline by the early 1840s, prompting President Sam Houston to seek recognition of independence from Mexico.
However, when Taft's secretary, Charles D. Norton, told the press that Roosevelt had begged for the meeting to boost his failing career, Roosevelt was privately incensed and denied the story, annoying Taft in turn. [35] Taft told Archibald Butt that he and Roosevelt had reached "the parting of the ways." [29]