TAFTHe was a lawyer by trade and was Roosevelts Sectary of War.His administration initiated:• 80 anti-trust suits• amendments for a federal income tax• the direct election of senators• a postal savings system "I dont remember that I ever was President.”
DOLLAR DIPLOMACY“policy aimed at furthering the interestsof the United States abroad byencouraging the investment of U.S.capital in foreign countries.”• Supported by the Taft Administration.• “A policy of joining the business interests of a country with its diplomatic interests abroad” (Appleby 2008, 509)• Less emphasis was placed on military involvement and more on helping foreign industry.• Centered upon the idea that if American business leaders supported Latin American development, everyone would benefit.
SUBSTITUTINGDOLLARS FOR BULLETSTaft believed that with DollarDiplomacy, Latin America would rise outof poverty and social disorder.• CHINA • The Taft Administration secured the entry of an American banking conglomerate, headed by J.P. Morgan, into a European-financed consortium financing the construction of a major railway.• NICARAGUA • Taft used dollars and bullets. • Civil unrest forced the Nicaraguan president to appeal for greater assistance than just American loans. • The Marines arrived in 1911, and American troops stayed to support the government until 1925.
ORGANIZE YOUR NOTES:• Imperialism Setting the scene – Annexing Hawaii• The Navy and American Influence Abroad Imperialism Continues at Sea• Beginning of The Spanish-American war The Birth of a World Power• The Spanish-American War Battling Overseas, Results, and Implications for Imperialism• Theodore Roosevelt Big Sticks and the Panama Canal• From Roosevelt to Taft Progressive Presidencies - Diplomacy