Which U.S. President is responsible for the 'Dollar Diplomacy' that expanded on the interventionist ideas of the Roosevelt Corollary?
Show answer and explanation
Correct answer: William Howard Taft
Taft’s policy focused on 'substituting dollars for bullets.' He encouraged American banks to take over the debts of Latin American countries, thereby increasing U.S. leverage and further excluding European influence.
Keep practicing
More Monroe Doctrine and Corollary questions
- The Monroe Doctrine was most successful at preventing the colonization of which region?
- The Olney Interpretation (1895) of the Monroe Doctrine stated that:
- The Monroe Doctrine (1823) was primarily issued in response to which of the following?
- A major premise of the original Monroe Doctrine was that the United States would:
- Why did Great Britain support the enforcement of the Monroe Doctrine in its early years?
- The Roosevelt Corollary (1904) significantly altered the Monroe Doctrine by: