+
Dollar Diplomacy

Dollar Diplomacy

Author: Dan Boyle
Description:

At the end of this tutorial, students will be able to:

  • describe "dollar diplomacy"
  • discuss why "dollar diplomacy" failed to influence countries around the world to be friends with the United States

Following his election in 1908, William Howard Taft worked to implement his own foreign policy with regard to Central America in the form of "Dollar Diplomacy."  This concept encouraged American investment in foreign countries in an effort to convince those governments to be friendlier to the the United States.  Taft believed that these countries would be more favorable to the United States once they realized the benefits of having American businesses in their countries.

The problem for Taft was that these countries were not interested in having in American involvement in their country, monetary or otherwise.  "Dollar Diplomacy" did not improve American prestige anywhere in the world and Taft lost his re-election effort in 1912.

(more)
See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

25 Sophia partners guarantee credit transfer.

221 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 20 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Tutorial

Dollar Diplomacy (Screencast-O-Matic Version)

William Howard Taft's attempt to influence the countries of Central America to be friendly toward the United States

Dollar Diplomacy (YouTube Version)

William Howard Taft's attempt to influence the countries of Central America to be friendly toward the United States