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)
Responses
He forced European countries to forgive Latin American debt by threatening to go to war if they refused.
He forced European countries to forgive Latin American debt by threatening to go to war if they refused.
He paid off Latin American countries' debts to European countries so that they were indebted to the U.S. instead.
He paid off Latin American countries' debts to European countries so that they were indebted to the U.S. instead.
He helped Latin American countries boost exports to the U.S. so they could more easily afford to repay their debts.
Responses
He forced European countries to forgive Latin American debt by threatening to go to war if they refused.
He forced European countries to forgive Latin American debt by threatening to go to war if they refused.
He paid off Latin American countries' debts to European countries so that they were indebted to the U.S. instead.
He paid off Latin American countries' debts to European countries so that they were indebted to the U.S. instead.
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 the second option: **He paid off Latin American countries' debts to European countries so that they were indebted to the U.S. instead.** This approach was part of his "Dollar Diplomacy" policy, aiming to increase U.S. influence in the region through financial means rather than military intervention.