Taft’s “Dollar Diplomacy”

All around the globe, Taft sought to use U.S. economic might as a lever in foreign policy. He relied less on military action, or the threat of such action, than McKinley or Roosevelt before him; however, he both threatened and used military force when economic coercion proved unsuccessful, as it did in his bid to pay off Central America’s debts with U.S. dollars. In Asia, Taft tried to continue to support the balance of power, but his efforts backfired and alienated Japan. Increasing tensions between the United States and Japan would finally explode nearly thirty years later, with the outbreak of World War II.            All images referenced in this podcast can be found at https://openstax.org/books/us-history/pages/22-summary            Welcome to A Journey into Human History.    This podcast will attempt to tell the whole human story.       The content contained in this podcast was produced by OpenStax and is licensed under a Creative Commons Attribution License.     Access for free at https://openstax.org/details/books/us-history           Podcast produced by Miranda Casturo as a Creative Common Sense production.       No part of this podcast is made with generative AI         Voice narration provided by computerized text-to-speech through voicemaker.in       For those who prefer ad free listening other options of support are available.          https://www.spreaker.com/podcast/a-journey-into-human-history--5860966/support