The practice of using economic means to achieve foreign policy goals is known as “dollar diplomacy”.
It was first associated with President William Howard Taft (served 1909-13) and his Secretary of State Philander C. Knox.
The practice of using economic means to achieve foreign policy goals is known as “dollar diplomacy”.
It was first associated with President William Howard Taft (served 1909-13) and his Secretary of State Philander C. Knox.