Dollar Diplomacy (Taft)  Moral Diplomacy (Wilson) Dollar & Moral Diplomacy • William H

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Dollar Diplomacy (Taft)  Moral Diplomacy (Wilson) Dollar & Moral Diplomacy • William H

U.S. FOREIGN POLICY IN LATIN AMERICA U.S. Foreign Policy in Latin America Big Stick Diplomacy (Roosevelt) Roosevelt Corollary to the Monroe Doctrine Dollar Diplomacy (Taft) Moral Diplomacy (Wilson) Dollar & Moral Diplomacy • William H. Taft • Dollar Diplomacy – urge banks and business to invest in Latin America (US gained control of their railroads and national bank) • Economic pressure to influence other countries • Woodrow Wilson • Believed in “moral diplomacy” • Thought using money or force would hurt the U.S. and Latin America • Promote democratic gov’ts (would not recognize a gov’t of “butchers”Mexico) The Panama Canal: American motivations 1) Boost the nation’s economy 2) Shorten trade routes (helps to make $ faster) Building the Canal Problems Disease-carrying mosquitoes (yellow fever, malaria) Humidity Frequent accidents The Size More than 43,000 workers at one time 61 million pounds of dynamite Completed in 1914 (5,600 workers die from disease) Significance of Canal 50 mile canal Trip was 8,000 miles shorter Gateway between the Atlantic and Pacific “The Land Divided, the World United” One of the two most important canals in the world The Inauguration of the Canal Zone – S.S. Ancon Look at the map on Pg. 388-389 and answer #1 (“Interact w/ History”) THEN, look at the “Panama Canal Cross-Section” -What is an isthmus? -What potential problems do you see in building a canal at this location? REVIEW • Different types of foreign policy (4) • Am. Foreign Policy Spectrum • Beginnings of Imperialism (3 reasons, etc.) • Imperialism Worksheet • Factors leading to Spanish American War (3) • Notes • 3 Types of Diplomacy • America as a World Power Packet.

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