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What is dollar diplomacy and why was it implemented?

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Dollar diplomacy is a policy to further United States interests. It was implemented to ensure financial stability and to extend our international influence.
User GifCo
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Answer: A policy that was supposed to ensure stability.

Step-by-step explanation:

Dollar diplomacy is a branch of the foreign policy of the United States. The policy's purpose is twofold; it was supposed to ensure the stability of a certain region and strengthen America's influence in that area. Policies that secured loans to certain political factors, such as Nicaragua, failed. The attempt to implement the same thing in China also went catastrophically. This aspect of foreign policy was eventually publicly rejected during the Woodward Wilson administration.

User David Oldford
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