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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.
Time Limit for Completion of Work of Spanish Treaty Claims Commission Extended to March 2, 1910. August 6, 1909 71 1121: Amending Civil Service Rules to Except More General Land Office Special Agents from Examination August 6, 1909 72 1122: Excusing Federal Employees From Work on Labor Day August 27, 1909 73 1123
Taft was a constitutional lawyer who later became Chief Justice; he had a deep understanding of the legal issues. [120] Taft's political base was the conservative business community which largely supported arbitration and often talked peace. His mistake in this case was a failure to fully mobilize that base.
American foreign policy under Wilson marked a departure from President Taft's "Dollar Diplomacy." Wilson wished to correct the American errors of the nineteenth century. [16] Instead, Wilson desired to extend American friendship to the nations of Latin America. In his 1913 Address Before the Southern Commercial Congress, Wilson states:
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Dollar diplomacy; Income Tax amendment; Payne–Aldrich Tariff Act; Wireless Ship Act of 1910; Mann–Elkins Act; Defense Secrets Act; Radio Act of 1912; Commission on Economy and Efficiency; U.S. occupation of Nicaragua
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