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The term monetary hegemony appeared in Michael Hudson's Super Imperialism, describing not only an asymmetrical relationship that the US dollar has to the global economy, but the structures of this hegemonic edifice that Hudson felt supported it, namely the International Monetary Fund and the World Bank. The US dollar continues to underpin the ...
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 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 book with the same title.
"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.
American exceptionalism is the proposition that the United States is different from other countries in that it has a specific world mission to spread liberty and democracy. [ 4 ] In this view, America's exceptionalism stems from its emergence from a revolution and developing a uniquely American ideology, based on liberty, egalitarianism ...
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).
Despite this the United States, as a result of the fear of Japanese expansion into Russian-held territory and their support for the Allied-aligned Czech Legion, sent a small number of troops to Northern Russia and Siberia. The United States also provided indirect aid such as food and supplies to the White Army. [54] [55]
But from the start of his term, Wilson saw close relationships between domestic and foreign policies. The New Freedom envisaged a return to free competition in the United States. The monopolistic interests had to be destroyed at home and their influence in foreign policy dispelled, and thus Wilson's initial rejection of "dollar diplomacy."