Zachary Lawson History of the Americas Compare and Contrast Essay

Big Stick, Dollar, and Moral: Three Foreign Policies of America

Word Count 850 9/17/10

President Taft s Dollar Diplomacy was intended to be a considerably less aggressive stance on foreign affairs. Military President Roosevelt was well known for his Big Stick Policy which is also known as The Roosevelt Corollary to the Monroe Doctrine. After a failed presidency. . The Big Stick and Dollar diplomacies exemplified similar military strategies. President Wilson s Moral Diplomacy was much different. The name originates from a favorite African proverb of Roosevelt s which stated Speak softly and carry a big stick and you will go far . The intent was for the United States to exercise economic authority over the smaller governments. The Nicaraguan government defaulted on its first payment to Europe causing the United States to assume control of the customs house. your objective will be achieved. Moral Policy By Zachary Lawson In the early 20th century. Roosevelt applied this theory in his foreign policy by adding that not only should the United States prevent any European influence in Latin America. Dollar Policy. the country was left deep in debt to European powers. President Taft was pressured into returning to the Big Stick ways of doing things and sent a flotilla of ships to crush the revolt. This action fueled resentment towards the Americans and in July 1912. Wilson even attempted to offer compensation for the things done by Roosevelt and Taft such as the Panama Canalv. the United States decided to what it could to prevent and European influence in the Western Hemisphereii. This would be done by managing any Latin American affairs that conflicted with the interests of the United States through military force. The country of Nicaragua was one such country. President Taft s Dollar Diplomacy and President Wilson s Moral Policy had similarities in region and economics but split ways when it came to the military. Nicaraguan nationalists launched a revolt against the United Statesiii. if you say what you want to happen and have the firepower to back it up. Wilson s less than eager stance on the military kept the United States out of World War I as long as could have been done. President Theodore Roosevelt s Big Stick Policy. but. but.Compare and Contrast: American Foreign Policy Big Stick Policy. three American presidents use three distinctive policies to define the foreign role of the United States of America. Essentially. should actually become a police state i. In light of the Monroe Doctrine. It was Wilson s belief that the force of the United States was to promote morality throughout the world and to let countries be as they wereiv: the direct opposite of Big Stick and Dollar.

minister to Haiti. he said that the United States had the role to promote free enterprise and trade throughout the world. However. Haiti was home to many foreigners. One such location was the country of Haiti. he did not economics as a tool of power. These three policies were key in shaping the American stance on foreign affairs.S. and limited direct involvement. The SDIC was expected to turn the Dominican economy around and transform the country into a protectorate of the United States.S. His policy was to support their fledgling governments and keep them from collapse. Just like most Latin American countries. . navy in Dominican waters. This action frightened the U. His actions did not attempt to take over any country. each in their own way. a series of unsuccessful presidencies and dictatorships had dug the country deep into debt to European powers. The Dollar and Big Stick policies exercised aggression and strong intervention both economically and militarily.Economics In a series of events that led to the Roosevelt Corollary. President Roosevelt was faced with his first problem in the Caribbean: The Dominican Republic. rather. At the time of Taft s presidency in 1909. mostly Germans and Frenchmen. Economics also played a role in Wilson s policies. compensation. Wilson s Moral Policy was the antithesis of the other two with its calm military. Similar to Nicaragua. Haiti was also deep in debt. The large coffee market was very attractive to European powers such as Francevii. not unlike President Roosevelt s proposal with the Dominican Republic. Roosevelt turned to a military-centric. President Taft was made known of the potential French involvement and urged American investors to reroute funds to Haiti with hopes of making Haiti a protectorate of the United Statesviii. Taft s Dollar Diplomacy was heavily weighted on economic authorityvi. aggressive approach and stationed the U. The San Domingo Improvement Company (SDIC) was formed in New York for the purpose of taking over the Dominican debt and further close off European influence from the Western Hemisphere. The French National Bank attempted persuading the Haitian government to accept financial assistance. When this did not happen.

Schwartz. 45 ii Ibid.Endnotes i Schwartz. 84 vii viii . 83 Dollar Diplomacy iv Schwartz 92 iii v vi Cole Big Stick and Dollar Diplomacy Ibid.