Today’s word - dollar diplomacy
Foreign policy that's guided by economics, rather than military force, is sometimes called dollar diplomacy. U.S. President William Howard Taft is most closely associated with dollar diplomacy.When President Taft announced in 1912 that his administration planned to substitute "dollars for bullets," his critics coined the disparaging term dollar diplomacy. Taft's idea was that the U.S. could avoid military conflict and shore up unstable governments by investing money in foreign countries, a tactic that proved to be unsuccessful in countries including Nicaragua, Mexico, and China. Today, dollar diplomacy is largely viewed as a failure.
Definitions of dollar diplomacy
1. noun foreign policy influenced by economic considerations
type of: diplomacy, diplomatic negotiations
negotiation between nations
Question
dollar diplomacy has the same or almost the same meaning as:
(A) a system of increasing wealth through colonization and trade
(B) foreign policy influenced by economic considerations
(C) a policy of imperialist expansion said to be inevitable
(D) the policy of imposing duties or quotas on imports
Right Answer :- (B) foreign policy influenced by economic considerations
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