Mon:
no school (snow day)
Tue:
Dollar Doplomacy - President Taft
- Using the US government to guarantee loans to foreign countries by US banks and businesses
- Economic imperialism
- US banks were in control of many businesses in Latin America
-US said it was needed to keep European powers out of Latin America
- "Substituting dollars for bullets"
President Woodrow Wilson
- Wilson's ethical and religious beliefs also influenced his foreign policy
- Practiced "missionary diplomacy"
- US would not recognize any government that was oppressive, undemocratic and hostile toward the US
- Used extensively in Latin America
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