Question

Which of the following is the most accurate example of President Taft's policy of "dollar diplomacy"?

A) maintaining a military force to discourage European colonization in Latin America

B) exerting economic influence rather than military force in Latin American countries

C) allowing for the nationalization of Latin American property owned by US citizens

D) using international trade organizations to stabilize Latin American economies

Answer 1

B) exerting economic influence rather than military force in Latin American countries

Step-by-step explanation:

Dollar diplomacy is an offshoot of the President Roosevelt intervention which was initiated by President Taft inorder to exert economic influence in most Latin America as well as stablise the American economy.

To him, it is better in substituting dollars for bullets as seen in the excerpts of his address to the congress on December 3, 1912. The phrase "Dollar deplomacy" was picked up by his critics after the address due to the fact that, he preferred to protect American enterprises abroad rather than engage in war