How did president taft's "dollar diplomacy" americans gain economic power over latin american countries?

"Dollar diplomacy" aimed at keeping financial stability in the Caribbean basin area and at expanding and protecting financial and commercial American interests. The Taft´s foreign policy especially encouraged US businesses to invest in the Caribbean, the administration hoped that it would have a stabilizing effect on weak governments there. Nicaragua and the Dominican Republic are examples of the application of "dollar diplomacy."

Explanation:

richard milhous nixon (january 9, 1913 – april 22, 1994) was the 37th president of the united states, serving from 1969 to 1974, when he became the only president to resign (quit). he is also known for corruption and the watergate scandal which resulted in the public losing trust in him and his resignation.