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  • 10-03-2021
  • History
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what were the disadvantages and advantages of dollar diplomacy

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  • 10-03-2021

Answer:

The good thing is: The United States felt obligated, through dollar diplomacy, to uphold economic and political stability. Taft's dollar diplomacy not only allowed the United States to gain financially from countries but also restrained other foreign countries from reaping any sort of financial gain

The bad thing is: In spite of successes, “dollar diplomacy” failed to counteract economic instability and the tide of revolution in places like Mexico, the Dominican Republic, Nicaragua, and China.

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