The Dollar Diplomacy
Begun to produce many products
It was often accompanied by military actions. If this occurred then trade and diplomatic relations would be damaged.
Because countries cannot produce everything it needs they specialize in what they can produce most efficiently.
Why are factories being built in latin America by foreign countries.
Dollar diplomacy in Latin America produced loans to foreign countries.
Greater economic influence for the United States. Apex Yo.
Dollar diplomacy
The result of President Taft's dollar diplomacy was that American investments in Latin America increased.
U.S. Dollar Diplomacy in Latin America was often accompanied by military intervention.
The US Dollar Diplomacy in Latin America was often accompanied by military intervention. -Apex ;)
The result of President Taft's dollar diplomacy was that American investments in Latin America increased.
Greater economic influence for the United States
The purpose of Dollar Diplomacy is to use the power of money, i.e. US Dollars, to influence regions such as Latin America and East Asia. This was done by funding huge loans in order to further their aims.
Dollar diplomacy in Latin America resulted in increased American intervention in the region through financial and economic means. This often led to the establishment of American-controlled businesses, infrastructure projects, and loans that heavily influenced Latin American economies and politics. Some viewed it as a form of economic imperialism, generating resentment and anti-American sentiments in the region.
American investments in Latin America increased.
Dollar Diplomacy