Dollar Diplomacy

Dollar Diplomacy is a foreign policy strategy used by the United States in the early 20th century, aimed at increasing American influence by encouraging U.S. businesses and investments abroad. Instead of relying solely on military or diplomatic power, the U.S. promoted economic investments in other countries to stabilize regions and protect American interests. This approach often involved providing loans or encouraging American companies to operate in friendly nations, hoping that economic ties would foster political stability and influence. It reflects a focus on economic means as a way to achieve diplomatic goals while supporting U.S. economic growth.