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U.S. History 1877-Present 5: Taft's Dollar Diplomacy 32 Views


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Description:

Helping other people out is a good thing, right? Who cares if we make some money in the process, right? Well, sure, so long as those people actually want our help. Unfortunately the trend started by Taft and his "Dollar Diplomacy" may have led the U.S. to be a little...overzealous with that sort of thing. Let's learn more about it in this video.

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Transcript

00:03

If we mix together the last few lessons on American foreign [Girls cooking]

00:07

policy in the early 20th century we should be getting the general idea that

00:11

a America was getting way more influential see the US of A wasn't

00:17

afraid to use force to extend that influence see sometimes becoming a world

00:22

power can get uglier than one of those hairless cats seriously he's avoiding

00:27

sneezing really worth listening one of those things all day all right but [Hairless cat appears]

00:30

getting back to America's New York rise to superpower them when McKinley and

00:34

Roosevelt had both done their parts to ramp up American power abroad but from

00:39

1909 to 1913 President Taft managed to take it even further his waistline his

00:45

mustache his foreign-policy this guy wasn't afraid of extreme President Taft [Taft giving a speech]

00:49

called the foreign policy dollar diplomacy which unfortunately did not

00:53

mean he turned the u.s. into a giant dollar store and sold weird plastic [Girl in store with US flags]

00:58

decoration dollar diplomacy extended Teddy's big stick Roosevelt Corollary

01:03

ideas by saying that America had a right to get involved wherever and whenever it

01:08

saw fit in order to protect its business interest capped also said that it was

01:12

cool for the u.s. to make an unstable place stable why would we bother helping [Taft stood beside leaning tower of pisa]

01:17

shaky countries to stabilize because it's kind of hard to do business with

01:21

the places in chaos like if the u.s. wanted to set up a lemonade stand it

01:25

would be a bad idea to do it in the middle of a riot or maybe not writings [Man with lemonade stand and girls riot]

01:29

hard work you know probably plenty of parched people around so all over the

01:33

world the US was using diplomacy to protect its dollars unfortunately Taft

01:38

found that the rest of the world wasn't all that excited about unchecked [Man digging a grave]

01:41

American intervention in its affairs we're sure somebody out there just

01:45

decide from a lack of surprise task plans of gently financially nudging [Taft nudging family away]

01:50

everybody in the right direction didn't always pan out instead of gentle nudges

01:55

he turned pretty quickly to outright military coercion because well there's

02:00

no better or faster way to make friends right take for example the Taft [Soldier points gun at a man]

02:04

administration's military interventions in Nicaragua well this Central American

02:09

country had gotten on the US as bad side by talking with the jack

02:13

benita in germans about building a canal through nicaragua to rival the one being

02:18

built in Panama America wasn't about to lose its monopoly on passages between

02:23

the Atlantic and the Pacific and it definitely wasn't going to lose it to

02:26

Japan and Germany so when a rebellion broke out in Nicaragua against its [People rebelling]

02:31

president zeliha the tapped administration was quick to send troops

02:35

to lend a helping hand and a bullet or three while not long after the Leo was

02:40

ousted Nicaragua was blessed with continued American military presence and [Military men in Nicaragua]

02:45

political instability for years to come well despite the chaos the US did end up

02:50

getting sole rights to build a canal in Nicaragua which of course it never did

02:54

there's one in Panama yeah but by owning the rights it made sure that nobody else

02:59

could build a rival canal it's kind of like licking the last piece of cake just [Boy and girl staring at piece of cake]

03:04

so nobody else would eat it which ask us is a fate worse than death...

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