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.

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Dollar Diplomacy

  1. 1. Otherforces atwork
  2. 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. 3. options• Roosevelt’s successor, William Howard Taft, Taft decided to take a different approach to foreign relations.
  4. 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. 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. 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. 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. 8. options• This is to say that neither worked particularly well.
  9. 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. 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. 11. Another view• It led to his concept of “moral diplomacy”. diplomacy”
  12. 12. Another view• The problem with this was that Wilson’s actions did not speak as loudly as his words.
  13. 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. 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. 15. Study for test