William Howard Taft: Dollar Diplomacy and Taft-Knox Foreign Policy
Taft shared the same view as Knox, a corporate lawyer who founded the giant conglomerate U.S. steel. The goal of the Dollar Diplomacy was to create stability and order that would best promote American commercial interests. Knox and Taft had a goal to improve financial opportunities, but they also wanted to use private capital to further U.S. interests overseas. The Dollar Diplomacy failed to counteract economic instability and the tide of revolution in places like the Dominican Republic, Nicaragua, Mexico, and China. Taft used government officials to implement his foreign policy agenda overseas, and to promote the sale of American products overseas. He wanted U.S. banks to to rescue debt-ridden Honduras with loans and …show more content…
foreign policy was overall unsuccessful. It was said that Taft's hesitancy as a leader and politician produced few accomplishments during his term.
Franklin Delano Roosevelt:
Americans elected Roosevelt because they thought he could combat the Depression better than his opponent, Herbert Hoover. President Roosevelt promised a "new deal" and that's exactly what he gave the America people. He had a variety of innovative policies that were able to pull the United States away from economic, social, and political disaster. He helped lay the foundation of for future stability and prosperity. Because of President Roosevelt, the America Federal Government assumed new and powerful roles in the nation's economy, in its health, in its corporate life, welfare, and well-being of its citizens. In 1935 the federal government guaranteed unions the right of bargain and organize. The Fair Labor Standards Act of 1938 allowed the workers to have proper wages and a limit on hours that continues to this day. In 1935, the aged were offered financial aid, and the unemployed, when they weren't able to provide for themselves. The government took on the responsibility of
Taft shared the same view as Knox, a corporate lawyer who founded the giant conglomerate U.S. steel. The goal of the Dollar Diplomacy was to create stability and order that would best promote American commercial interests. Knox and Taft had a goal to improve financial opportunities, but they also wanted to use private capital to further U.S. interests overseas. The Dollar Diplomacy failed to counteract economic instability and the tide of revolution in places like the Dominican Republic, Nicaragua, Mexico, and China. Taft used government officials to implement his foreign policy agenda overseas, and to promote the sale of American products overseas. He wanted U.S. banks to to rescue debt-ridden Honduras with loans and …show more content…
foreign policy was overall unsuccessful. It was said that Taft's hesitancy as a leader and politician produced few accomplishments during his term.
Franklin Delano Roosevelt:
Americans elected Roosevelt because they thought he could combat the Depression better than his opponent, Herbert Hoover. President Roosevelt promised a "new deal" and that's exactly what he gave the America people. He had a variety of innovative policies that were able to pull the United States away from economic, social, and political disaster. He helped lay the foundation of for future stability and prosperity. Because of President Roosevelt, the America Federal Government assumed new and powerful roles in the nation's economy, in its health, in its corporate life, welfare, and well-being of its citizens. In 1935 the federal government guaranteed unions the right of bargain and organize. The Fair Labor Standards Act of 1938 allowed the workers to have proper wages and a limit on hours that continues to this day. In 1935, the aged were offered financial aid, and the unemployed, when they weren't able to provide for themselves. The government took on the responsibility of