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Dollar Diplomacy
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Dollar Diplomacy


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A look at how the Untied States tried to convince the nations of South America to be their "friends" by spending money in their countries.

A look at how the Untied States tried to convince the nations of South America to be their "friends" by spending money in their countries.

Published in: Education, Travel, News & Politics

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  • 1. Otherforces atwork
  • 2. options• As much as Teddy Roosevelt’s concept of “gunboat diplomacy” may have worked, it certainly did not make the United States any friends in Central and South America.
  • 3. options• Roosevelt’s successor, William Howard Taft, Taft decided to take a different approach to foreign relations.
  • 4. options• He believed that the United States could exert just as much influence on Central and South America by using money as opposed to force.
  • 5. options• His concept of “dollar diplomacy” meant that the United States should encourage investment in these countries and encourage American businesses to set themselves up in those countries.
  • 6. options• This, Taft believed, would force the governments of these countries to be friendlier to the United States because they would want American businesses to stay there.
  • 7. options• Unfortunately for Taft, “dollar diplomacy” worked about as well to encourage the nations of Central and South America to want U.S. involvement in their countries as “gunboat diplomacy” had.
  • 8. options• This is to say that neither worked particularly well.
  • 9. Another view• With Woodrow Wilson’s election to the presidency in 1912 came yet another approach to dealing with the rest of the world.
  • 10. Another view• This one was wrapped up in Wilson’s devout Christian beliefs that democracy was the best way for nation’s to follow.
  • 11. Another view• It led to his concept of “moral diplomacy”. diplomacy”
  • 12. Another view• The problem with this was that Wilson’s actions did not speak as loudly as his words.
  • 13. Another view• He often sent in troops, including sending General John J. Pershing into Mexico in 1916 in search of Pancho Villa (who had led a raid into New Mexico and killed American citizens), to force countries to become democratic.
  • 14. Another view• This policy did little to convince the countries of Central and South America that the United States was on their side and wanted what was best for them.
  • 15. Study for test