To best compare the goals of “big stick” diplomacy and dollar diplomacy, we need to identify the primary objectives of each approach.
“Big Stick” Diplomacy (associated with Theodore Roosevelt) emphasizes:
- Use of military intervention and force when necessary to achieve foreign policy goals
- Establishing U.S. military power
- Reinforcing U.S. control over Latin America
- Ending conflicts through military means
Dollar Diplomacy (associated with William Howard Taft) focuses on:
- Expanding U.S. economic interests through investment and financial means
- Establishing financial stability in countries
- Using U.S. financial power to promote U.S. interests abroad
- Reducing military intervention by addressing conflicts through financial influence
Based on this understanding, the best chart that accurately represents these goals might be something like the following:
“Big Stick” Diplomacy | Dollar Diplomacy --- | --- End conflict with military intervention/force | End conflict peacefully Establish U.S. military power | Establish financial stability Reinforce U.S. control over Latin America | Expand U.S. economic interests Reduce use of military intervention | End conflict by paying off aggressors
Hence, the second chart is the most accurate in reflecting the contrasting missions of "big stick" diplomacy and dollar diplomacy.
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