dol·lar di·plo·ma·cy
/ˈdälər dəˈplōməsē/
noun
the use of a country's financial power to extend its international influence.
Dollar diplomacy
Dollar diplomacy of the United States, particularly during the presidency of William Howard Taft was a form of American foreign policy to minimize the use or threat of military force and instead further ... Wikipedia
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From 1909 to 1913, President William Howard Taft and Secretary of State Philander C. Knox followed a foreign policy characterized as “dollar diplomacy.”.
He pursued a program, known as "dollar diplomacy," designed to encourage U.S. investments in South and Central American, the Caribbean, and the Far East. To ...