Dollar Diplomacy and Its Repudiation

Speech Advocating "Dollar Diplomacy"

Speech

By: William Howard Taft

Date: December 3, 1912

Source: Taft, William Howard. Speech Advocating "Dollar Diplomacy." Excerpt from the Fourth Annual Message of President Taft to Congress, December 3, 1912. Reprinted in Gambone, Michael D., comp. Documents of American Diplomacy: From the American Revolution to the Present. Westport, Conn.: Greenwood Press, 2002, 140–142.

About the Author: William Howard Taft (1857–1930) began his career as an Ohio lawyer and judge. In 1898, he was appointed head of the Philippine Commission, and then Governor General of those islands, which the United States had acquired in the Spanish-American War (1898). In 1904, Taft became Secretary of War to President Theodore Roosevelt. He was elected to the presidency in 1908, and served until 1913. Taft supported the expansion of American power...

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