Foreign Developments: Dollar Diplomacy Flashcards
1
Q
Who created the idea of Dollar Diplomacy?
A
President Taft
2
Q
What was the idea of Dollar Diplomacy?
A
Using the financial power of the USA to gain control of other parts of the world
3
Q
What did Taft do in 1909 which was an example of dollar diplomacy? Why?
A
Bought up all debts in Honduras to gain control there
4
Q
Name a place where Dollar Diplomacy failed
A
Nicaragua
5
Q
What was the issue with Nicaragua for the USA before the attempted Dollar Diplomacy?
A
They had an anti-American leader
6
Q
What did Nicaragua specifically do which made Taft act on the nation?
A
They cut USA advantages of mining in Nicaragua
7
Q
How did Taft respond to Nicaragua cutting economic privileges for the USA?
A
He sent in troops to instate a pro-American leader
