For the Dollar Diplomacy: Taft
I don't get what the key policies would be.
It wouldn't be sending US troops to Nicaragua to offer loans?
Now, I'm confused all over again.
I looked up what policy was: Basic principles by which a government is guided. (meaning Acts passed?)
Declared objectives which a government seeks to achieve and preserve in the interest of national community.
Or for the Dollar Diplomacy would the policy be providing loans to countries?
Since I couldn't find any Acts except the Open Door Policy.
You're right. Dollar Diplomacy was the policy of providing loans to other countries.
http://www.sparknotes.com/history/american/gildedage/section10.rhtml
So that would be the key policy?
but for the Square Deal "key policies of administration associated with the motto" - I found Acts that were passed
I already asked this but by "policies" does it mean Acts?
I can understand why you are confused, as the concept of Dollar Diplomacy and its key policies can be complex. Let me explain.
Dollar Diplomacy was a foreign policy approach pursued by President William Howard Taft during his presidency (1909-1913). The key idea behind Dollar Diplomacy was to use American economic influence, particularly through the extension of loans, to further the country's diplomatic and geopolitical goals.
One of the key policies of Dollar Diplomacy was indeed the extension of loans to foreign countries, particularly in regions of strategic importance to the United States. The logic behind this policy was that by providing financial assistance to these countries, the United States could gain economic and political influence over them. It was believed that this influence would help stabilize the regions and protect American commercial interests.
With regards to Nicaragua, the confusion arises because Dollar Diplomacy did involve the sending of US troops to Nicaragua, but not simply to offer loans. Taft's administration utilized military intervention as a means to protect American investments in Nicaragua during a period of political instability. This military intervention, accompanied by the economic leverage of loans, demonstrated the application of Dollar Diplomacy.
In terms of understanding policy, you are correct in defining it as the basic principles and declared objectives by which a government is guided and seeks to achieve in the interest of the national community. When it comes to Dollar Diplomacy and its policies, it refers to the specific actions and measures taken by the US government under the framework of this foreign policy approach.
To summarize, Dollar Diplomacy under Taft involved the extension of loans to foreign countries to gain economic and political influence. While military intervention was employed in Nicaragua, it was not solely for the purpose of offering loans but rather to protect American investments. Understanding policy generally requires considering the specific actions and measures taken by a government in pursuit of its declared objectives.