For ten points, identify this foreign policy associated with William Howard Taft, which grew out of Theodore Roosevelt's success in exchanging loan money for favorable policy from the Dominican Republic.
Under this policy, the United States government overthrew Jose Zelaya and installed Adolfo Diaz in his place, later establishing a collector of customs. Under its progenitor, Philander Knox, it met great failure when Knox suggested that the South Manchurian Railroad be purchased by an international syndicate, which caused Japan to ally with Russia. These disadvantages led to it being abandoned in 1912, and entirely repudiated by Woodrow Wilson. For ten points, identify this foreign policy associated with William Howard Taft, which grew out of Theodore Roosevelt's success in exchanging loan money for favorable policy from the Dominican Republic.
Under this policy, the United States government overthrew Jose Zelaya and installed Adolfo Diaz in his place, later establishing a collector of customs.
{Dollar Diplomacy}