Dollar Diplomacy

The dollar diplomacy was made by the U.S. to increase our nation’s wealth by getting involved with other countries’ financial affairs.

·         President William Taft wanted to give America a more stable government so he decided to build a dollar diplomacy, in which America would attempt to get involved with the Caribbean, East Asia, Russia, China, and Japan.

·         China turned out to be a loss for the United States as they went into a war with the Japanese.

·          America backed the Japanese in their war with Russia and in 1905 were the mediators that caused peace.

·         Theodore Roosevelt and Woodrow Wilson both following Taft’s time in office also strived to get more involved with foreign affairs.

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