Taft's foreign policy

Taft's foreign policy, known as "dollar diplomacy," focused on using economic investments and financial influence to extend U.S. power abroad. Instead of relying mainly on military force, Taft promoted U.S. business interests in other countries, especially in Latin America and China, by encouraging American investments and loans. This approach aimed to create stability and goodwill, helping America secure strategic and economic advantages. It reflected a belief that economic strength could support military and diplomatic goals, and that promoting American business interests abroad would benefit both the U.S. and the countries involved.