Here's Why President Taft's Dollar Diplomacy Was a Failure | History

Learn what inspired President Taft to implement Dollar Diplomacy - getting Americans to invest money in other countries to maintain global influence - from 1909 to 1913. See how this policy failed in China, as well as in Central America and Mexico. #HistoryChannel
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[@Penguinz13989]

ive yet to find a single video or website that actually explains dollar diplomacy and not just the history behind it

[@XxMongoljingooxX]

Did you find it?

[@robertaronowitz3157]

its impossible to even describe the entire idea, they basically used money to gained leverage everywhere...nobody wanted it.

[@sahasran8116]

the concept was basically that the US would essentially give out loans to other countries in exchange for control or influence over their government.

[@TheOnlyGuess]

Great video. Thank you so much

[@Tejiknasten]

Sounds a bit like the policy of China today.

[@designsthatbuild]

McKinley, Roosevelt and Taft were not the only meddlers in our history. Wilson's moral interventionism also failed. Europeans resented his meddling in their affairs- although to be fair, when the US was not a part of the very league of nations he helped create, it was because Congress blocked him. It is good to try to help the rest of the world, but not when we insist on doing everything our way. It brings to mind the lyrics of a Thrice song "swingin my hands through a swarm of bees. Don't understand why they are stingin me. Do what I want, do what I please, do what I want till I got what I need."

[@robertdipaola3447]

Doesn't sound like a failure if we still feel the impact years later

[@adhip0574]

If its impacts are not good ones, then it is a failure

[@gerryzink3176]

We feel the impact, because the failure of the policy led to a more long lasting counter backlash.

[@Hotpocketmountiandew]

This lady should make more videos for the history channel. Very clear explanations.

[@douglassauvageau7262]

Agreed that a broader and more comprehensive examination of diplomatic and economic policy is warranted.

[@douglassauvageau7262]

A Euro-centric mindset robbed the United States of an historic opportunity.

[@douglassauvageau7262]

Theodore Roosevelt laid the groundwork for a hemispherical oligarchy. William Howard Taft (Roosevelt's chosen successor) went all soft and 'wobbly' - much to Theodore's consternation.

[@douglassauvageau7262]

Investing dollars without the companion investment of FORCE is a loosing strategy in cultures which respect force above all.

[@douglassauvageau7262]

PAX ROMANA, PAX BRITANNIA, PAX AMERICANA. Good order is the predicate to justice/prosperity. Even Jesus conceded that point.

[@stodini]

You would think the History Channel could spell John Hay's name correctly.

[@sideeswipe]

stodini I mean they tried

[@colbyprieto37]

She's so pretty, I would listen to her talk about Dollar Diplomacy.. Oh wait.

[@chucknarras]

ColbypHD yeah whats her instagram

[@angelcastaneda529]

I was going to ask that as well.

[@muneebahmed0306]

What's her name??? She is lovely

[@carlosvalverde9075]

"Peacefully..."

[@malicktchakpedeou9989]

Thanks for noticing that one word inaccurately used to embellish the invasion of Haiti, which was actually part of Roosevelt's big stick diplomacy.

[@avecmoi9429]

There are many factors to diplomacy. Dollars work sometimes and often not. It depends on the country. Politicians in the USA and other countries are most often crooked.. Duh!

[@fernandarodriguez836]

Would love to know the sources for this video! TIA!

[@imperialguard28]

Yeah, he should've just stayed a judge like he wanted.

[@TPerm-hj4sf]

Herself is a distraction. I am constantly thinking what score I should give her.

[@gabrielhicks8043]

Fam

[@orca._.]

hHhHm so it's spelled John HAYE in the video, but his name is actually John HAY. ..>? CREDIBILITY??

[@williamhowardtaftgaming]

I beg to differ...

[@zaweirdo.3343]

lmfao

[@LucidFL]

At least use an accurate map.

[@bearclaw007]

Wow, this certainly does give American leadership the benefit of the doubt.

[@thecorporatecritic]

Why does America think they are supposed to be in everybody's business??

[@EC-ol8nz]

I think it’s working for China There “Belt and Roads Initiative” 🤔 So the question is who does it best? 👍🏿 I’m A US citizens so I would want my Gov to do it best! If u are a China citizen u would want China to do it best not Japan right? 🤣

[@jason19801980]

im in love

[@tonysiller1526]

me too

[@zaweirdo.3343]

cringe

[@michaelr3583]

Sounds like raft was just ineffective period. Hence his 1 term

[@jampie66]

@Michael R Taft* He actually ran a second time but lost because Teddy Roosevelt created a second party, the bull moose party, and this caused republican votes to split and resulting in democrat Woodrow Wilson's victory.

[@cookyvilleproduction]

Neoliberalism and liberalism

[@krrrruptidsoless]

There's always people that want poor people to stay poor so they can control them. There's always rich people that will exploit poor people for cheap labor. And there are always people who protest business and jobs moving to a poor area to employ them. And instead of working towards getting the people better conditions, wages, improved by living conditions in an area after proof that they will build quality, be a stable workforce with loyalty to their work becomes apparent. That's when the protesters come in and destroy everything and demotivates the workers by lying to them about how first world people have it better. Yeah of course first world people have it better but they've been trying to improve their situations for thousands of years. They don't just overnight, boom turn into a megalopolis.