History of the United States II / Unit 7 USH2 0931 short lesson, about 20 seconds
Dollar Diplomacy
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The idea
President Taft sought to substitute dollars for bullets, using American loans and investment in place of military threats.
In practice
Nicaragua refusing American loans to pay its debt to Britain, and Taft sending a warship with marines.
Where people slip
Dollars for bullets still used marines in Nicaragua. In China and Japan, Taft's diplomacy backfired.
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