Dollar Diplomacy was clearly the best foreign policy for America at the turn of the century. America was approaching the pinnacle of its own industrial might, and was quickly becoming an economic superpower. The days of the Jeffersonian, self-sufficient agrarian society are long gone. This era put America on the precipise of globalization. Economic options can most certainly replace military options as the United States grows more and more wealthy and powerful. Exchanging "Dollars for Bullets" as Taft said will gain the United States more friends through diplomatic means than any army ever could. Also, by sending cash instead of bombs to other countries, those countries will be more likely to allow the U.S. to sell their goods in that country tariff free! Thats more people to buy American goods, and more money for American businesses!
Your assignment is to support your argument either for or against my comments below. Remember, a simple "I agree" or "I disagree" will not suffice. I've elected to support Taft's Dollar Diplomacy for no other reason than I anticipated that many of you would not. This in no way reflects my actual beliefs in foreign policy at the turn of the century... Or does it?
Dollar Diplomacy was clearly the best foreign policy for America at the turn of the century. America was approaching the pinnacle of its own industrial might, and was quickly becoming an economic superpower. The days of the Jeffersonian, self-sufficient agrarian society are long gone. This era put America on the precipise of globalization. Economic options can most certainly replace military options as the United States grows more and more wealthy and powerful. Exchanging "Dollars for Bullets" as Taft said will gain the United States more friends through diplomatic means than any army ever could. Also, by sending cash instead of bombs to other countries, those countries will be more likely to allow the U.S. to sell their goods in that country tariff free! Thats more people to buy American goods, and more money for American businesses!
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