It suffered setbacks when a proposal for a Manchurian railroad fell through, but it did succeed in g
It suffered setbacks when a proposal for a Manchurian railroad fell through, but it did succeed in gaining J.P. Morgan entrance into a European financing consortium. In Nicaragua, it materialized as support for President Adolfo Diaz against Jose Zelaya, who threatened the interests of the United Fruit Company. It was officially abandoned by the Wilson administration, though its final end did not come until the overthrow of Carlos Manuel de Cespedes in Cuba. Formulated by Philander Knox, FTP, identify this Taft foreign policy, which stated that U.S. power should be used to aid U.S. business interests abroad.
It suffered setbacks when a proposal for a Manchurian railroad fell through, but it did succeed in gaining J.P. Morgan entrance into a European financing consortium.
dollar diplomacy (prompt on "open door policy" before "Nicaragua")