Final answer:
During William Howard Taft's presidency, Dollar Diplomacy was a key policy which involved using U.S. economic power to influence Latin American nations and protect American interests. The correct option is D.
Step-by-step explanation:
The occurrence that took place during President William Howard Taft's administration was Dollar Diplomacy. This aspect of his foreign policy was specifically focused on Latin America, where he aimed to replace military intervention with economic ties to promote stability and better diplomatic relations.
Taft believed that by investing American dollars in the region, the United States could ensure political influence and economic benefits.
During Taft's term, he advocated using American economic power to protect the nation's interests in its new empire. His philosophy of Dollar Diplomacy meant that the U.S. would extend loans and financial aid to countries in return for political influence and trade advantages.
This method also involved intervening in the Caribbean and Central America to manage their debts, preventing European nations from using debt collection as a pretext for military intervention in the Western Hemisphere. The correct option is D.