President Taft's use of dollar diplomacy in Nicaragua and China demonstrated that US foreign policy could be "purchased," which meant that other countries' governments could be persuaded by US loans with security.
What is Nicaragua, President Taft’s use of Dollar Diplomacy?
The employment of "Dollar Diplomacy" by President Taft in Nicaragua and China demonstrated that American foreign policy was primarily a strategy for advancing the country's commercial interests and economic might overseas.
Loans for policymaking were guaranteed to foreign nations with significant strategic importance, such China and Nicaragua, through the "Dollar Diplomacy."
Thus, president Taft's use of dollar diplomacy in Nicaragua and China demonstrated that US foreign policy
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