Taft’s Dollar diplomacy
Dollar Diplomacy was the intervention of the U.S. in countries that had unstable financial problems and were vulnerable to the control of the European empire. It was used by Taft to keep countries in Central and South America to make sure they were not taken over by Europe. It was not always peaceful for some countries like in Nicaragua. The U.S. caused its people to revolt against their country and then brought in U.S. bankers to give loans to the new government which was later taken out because people revolted against the new pro U.S. government. Another problem that it caused was the U.S.’s failed attempt to take over Honduras. The U.S. tried to take over Honduras by paying off all its national debt and having them owe the U.S. which would have caused us to want to take them over.
I personally think that this really wasn’t a good idea because mostly it was used to try and take over countries. It would have eventually helped the U.S. because it was basically giving countries money so they owed the U.S. and kept Great Britain away from the U.S. It was also used to keep other countries away from the U.S. that were high powers in the world.
Sources:
"Dollar Diplomacy." Xtimeline. N.p., n.d. Web. 7 Oct. 2013. <http://www.xtimeline.com/evt/view.aspx?id=785854>;.
"Dollar Diplomacy." Dollar Diplomacy. N.p., n.d. Web. 07 Oct. 2013. <https://sites.google.com/a/ncps-k12.org/amhnews-v-gerardi-2011/economic/dependable-dollar-diplomacy>;.
"Dollar Diplomacy." Wikipedia. Wikimedia Foundation, 10 June 2013. Web. 07 Oct. 2013. <http://en.wikipedia.org/wiki/Dollar_Diplomacy>;.
Comments
Good but be sure to expand a bit more and discuss your pictures.