Frederic Huntington, assistant to the man who instituted this political strategy, argued at a peace conference that it was meant to "create a prosperity which will be preferred to predatory strife", and this strategy failed in the effort to stop the building of the South Manchuria Railroad.
Frederic Huntington, assistant to the man who instituted this political strategy, argued at a peace conference that it was meant to "create a prosperity which will be preferred to predatory strife", and this strategy failed in the effort to stop the building of the South Manchuria Railroad. It may have been ost successful in Nicaragua, where Adolfo Diaz received support to save the United Fruit Company. Originally formulated by Philander Knox, it was abandoned under Wilson. Meant to replace bullets with money, for 10 points, provide the two-word name for this American effort to exert influence through financial intervention used extensively under William Howard Taft.
Frederic Huntington, assistant to the man who instituted this political strategy, argued at a peace conference that it was meant to "create a prosperity which will be preferred to predatory strife", and this strategy failed in the effort to stop the building of the South Manchuria Railroad.
{dollar diplomacy}