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Woodrow Wilson was opposed to Dollar Diplomacy because he felt the act of investing in foreign businesses which promoted imperialism. Wilson considered imperialism immoral and stopped several deals, Taft had set in place. Ironically, ending one such deal, the Panama Canal Tolls Act, which had exempted the United States from paying tolls on the Panama Canal, actually helped the biggest imperialist government of all time, Great Britain.
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Continue Learning about American Government
What policy encouraged the growth of American influence without the use of military power?
Dollar Diplomacy
Which president used missionary diplomacy?
Woodrow Wilson
Who was the U.S. president most closely associated with moral diplomacy?
woodrow wilson
What were negative effects Dollar Diplomacy?
i wish i knew
How did Dollar Diplomacy affect US Mexican relations?
The Dollar Diplomacy failed to counteract economic stability of revolution places like Mexico, Dominican Republic, China, and Nicaragua. These countries did not did not invest in U.S. capital in foreign countries.
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