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Dollar Diplomacy

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Dollar Diplomacy

U.S. foreign policy created by Pres. William H. Taft to ensure financial stability in a region in exchange for favourable treatment of U.S. commercial interests.The policy grew out of Pres. Theodore Roosevelt's peaceful intervention in the Dominican Republic, where U.S. loans had been exchanged for the right to choose the head of customs (the country's major revenue source). Taft's secretary of state, Philander Knox carried out Dollar Diplomacy in Central America (1909) and China (1910). Pres. Woodrow Wilson repudiated the policy in 1913. The term has become a disparaging reference to the manipulation of foreign affairs for economic ends.
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Aa C The current Kerry-Lugar-Berman Bill is ham-fisted dollar diplomacy at its worst.
Pakistan Joins the American Raj by Khaleej Times (Dubai, United Arab Emirates)
The above resembles the Dollar Diplomacy, or American aid to poor countries - a diplomacy that was not applied after WWII, contrary to widespread belief.
Ayoon wa Azan (Whenever a Summit Discusses a Disagreement, it is ... by Dar Al Hayat, International ed. (Beirut, Lebanon)
Taiwan and China have accused each other of buying allies with soft loans, so-called dollar diplomacy, with Beijing gaining a clear upper hand with its much larger economy; Mitchell said Beijing has pledged to provide an unspecified but significant amount of funding to help Grenada rebuild after Hurricane Ivan destroyed 90% of its buildings.
Taiwan recalls ambassador by Caribbean Update
 
 
 
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