Which of the following were goals of Dollar Diplomacy? to create stability and promote US commercial interests abroad to use the powerful military to advance US interests abroad to give allies abroad a chance to promote their industries in the United States to force adversaries to pay high tariffs in exchange for help with security to improve international relations in order to increase immigration to the United States.



Answer :

The goal of the Dollar Diplomacy was to create and promote the US commercial interests abroad. The correct option for the statement given above is A.

Dollar diplomacy was an important step taken for the development of the United States of America in the world, and countries currency value should go up and be a global standard.

Dollar Diplomacy

  • As America set its plans to become the largest and most influential economy in the world, it lay its plans which could lead to connecting America with the world at a larger level.

  • The policy of Dollar diplomacy was put forth in the foreign policy lay during the presidency period of William Howard Taft during the year 1909. It laid great focus on the global financial improvement.

  • This policy not only helped America reach the one of the top economies in the world, but also helped clear the debt burdens it had been under for the past few years.

Hence, the correct option is A that the main goal of the dollar diplomacy was to create stability and promote the financial interests of the US in abroad as well.

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