Dollar Diplomacy

US dollar diplomacy Since the beginning of the nineteenth century, 17 Republics in Latin America have emerged from the remains of the Spanish Empire, North Americans always see their foreign cultures, ethnic mixed rages, unstable politics, humble and derogatory I treated them in a way. . And the moribund economy. This view was institutionalized in 1823 Monroe doctrine and warned the European countries that attempts to expand this system to the Americas would be considered unfriendly to the United States. Evidence country itself.

US dollar diplomacy also has contrast with the First World War. Because World War I caused the international decline of Russia and Germany, but the US dollar diplomacy is a strategy to expand the leadership position in the world economy. Cause Waters US dollar diplomatic strategy involves a trade partnership between the United States and its member countries. This means that all financial decisions and controls are initiated and adjusted through US foreign banks and insurance companies.

Ironic was realized soon. In 1913, Wilson rejected his predecessor's dollar diplomacy. (US dollar diplomacy calls for the US government to promote stability, mainly in Latin America and the Caribbean, hoping that this development will also prosper in the affected countries.) America And other countries, but promoting democracy is a higher priority. In 1914, due to the concern of the Mexican revolution and the arrest of American crewmen in Tampico, Wilson dispatched US troops across the border. In the second year, he sent a Marine Corps to Haiti.

Moral diplomacy is an attempt by President Woodrow Wilson to try to strengthen international relations with Latin American countries by extending aid to countries with democratic governments. It replaces William Howard Taft's dollar diplomacy and emphasized the importance of economic support to improve bilateral relations. Unlike Taft policy based on economic support, Wilson's policy is based on economic power. President Woodrow Wilson firmly believes that democracy is the most important aspect of a steady and prosperous country. He also believes that the United States can play an important role in promoting world democracy and peace. At that time, several countries, especially Latin American countries were influenced by imperialism, Wilson was not happy. President Wilson proposed moral diplomacy to suppress the development of imperialism and spread democracy.