hat were Big Stick, open Door, Dollar Diplomacy and Moral Diplomacy?
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It could be seen as a later, more subtle version of Gunboat Diplomacy. The idea led to the expansion of the U.S. Navy and greater involvement in world affairs. This in turn led to the Dollar Diplomacy in the following Taft administration.
Dollar Diplomacy is the term used (by those who opposed it)[1]to describe the efforts of the United States — particularly under President William Howard Taft — to further its foreign policy aims in Latin America and East Asia through use of its economic power by guaranteeing loans made to foreign countries.
Moral Diplomacy – This form of diplomacy, most commonly connected to the Wilson Administration, called for the United States to not interfere with foreign affairs. Wilson used the slogan that had kept the country out of World War I thus far to win his second term. Although key to developing this policy, he was quick to disregard its main points when he entered the first World War. Because of Britain’s monopoly on the transatlantic telephone line, America’s main source of war news was biased in favor of the Allies. When combined with the preexisting prejudice towards increasingly imperialistic Germany, the support for Britain was virtually unanimous leading up to the war. Ironically, Wilson declared America’s entry into the war in seeming negation of his famed “Moral Diplomacy.”
Dollar Diplomacy is the name given to President Taft’s policy of protecting our economic interests in Latin America.
The Open Door Policy was the US policy after the Spanish American War of 1898 in having free trade with China in the areas that the European powers had spheres of influence.
Moral diplomacy is the idea of furthering democracy and humanitarian efforts with foreign nations..
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