To compare the goals of “big stick” diplomacy and dollar diplomacy effectively, it is essential to consider the fundamental principles behind each policy. “Big stick” diplomacy, associated with Theodore Roosevelt, emphasized military power and the readiness to use force to achieve U.S. interests, particularly in Latin America. In contrast, dollar diplomacy, primarily linked to William Howard Taft, focused on extending U.S. influence through economic means, particularly by fostering financial stability and investments.
Here’s a breakdown of what each diplomacy entails:
“Big Stick” Diplomacy Goals:
- End conflict non-peacefully (often through military intervention)
- Establish U.S. military power
- Reinforce U.S. control over Latin America
- End conflict with military force
Dollar Diplomacy Goals:
- Expand U.S. economic interests
- Establish financial stability in other nations
- Reduce the use of military intervention by promoting economic ties
- End conflict peacefully (or through economic means)
Given this context, the most suitable comparison would be one that highlights the contrasting approaches—military intervention versus economic influence.
The most accurate option that reflects these differences is:
“Big Stick” Diplomacy & Dollar Diplomacy
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Big Stick Diplomacy:
- End conflict with military
- Establish U.S. military power
- Reinforce U.S. control over Latin America
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Dollar Diplomacy:
- Expand U.S. economic interests
- Establish financial stability
- Reduced use of military intervention
This showcases the distinctions clearly and aligns with the historical context of both diplomatic approaches.