Glossary · Dollar Diplomacy
Dollar Diplomacy
A label associated especially with the Taft administration’s 1909–1913 use of American private investment and financial influence to support US foreign-policy objectives.
Term type · Historical doctrineTypes of Diplomacy
Context
It is a historically specific US foreign-policy formulation, not a universal synonym for economic diplomacy or modern development finance.
Why it matters for foreign affairs
The case helps explain how commercial interests and financial instruments become instruments of international influence.
Where it appears in practice
- The US State Department’s Office of the Historian describes President Taft’s early-twentieth-century dollar diplomacy. Source
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