Question
How did William Howard Taft use U.S. economic power to address the issue of Latin American debt owed to European countries?
(1 point)
• He provided economic incentives to encourage Latin American countries to repay their debts more quickly.
• He paid off Latin American countries' debts to European countries so that they were indebted to the U.S. instead.
• He forced European countries to forgive Latin American debt by threatening to go to war if they refused.
• He helped Latin American countries boost exports to the U.S. so they could more easily afford to repay their debts.
(1 point)
• He provided economic incentives to encourage Latin American countries to repay their debts more quickly.
• He paid off Latin American countries' debts to European countries so that they were indebted to the U.S. instead.
• He forced European countries to forgive Latin American debt by threatening to go to war if they refused.
• He helped Latin American countries boost exports to the U.S. so they could more easily afford to repay their debts.
Answers
GPT-4o mini
William Howard Taft used U.S. economic power to address the issue of Latin American debt owed to European countries primarily by **paying off Latin American countries' debts to European countries so that they were indebted to the U.S. instead.** This approach was part of Taft's "Dollar Diplomacy," which aimed to extend American influence in the region through financial means rather than military intervention.