What is Dollar Diplomacy often referred to as?

Dollar Diplomacy is often referred to as "Yankee Imperialism" because it encapsulates the United States' approach to exerting influence and control in Latin America and East Asia during the early 20th century through economic means rather than military. The term reflects the perception that American financial interests were extending beyond the nation's borders, prioritizing investment over direct military intervention.

This diplomatic strategy, particularly associated with President William Howard Taft, aimed to use American capital to promote stability and prevent European intervention in the region, thereby fostering an environment where American businesses could thrive. The idea was that by investing in foreign markets and providing loans, the U.S. could create a sphere of influence that aligned with its economic interests, leading to greater control without the traditional means of imperialism.

The other choices do not accurately represent the nature of Dollar Diplomacy; while military imperialism focuses on the use of military force, cultural imperialism refers to the spread of cultural values and norms. Political imperialism, although related to the influence over governments, does not capture the specific economic emphasis that "Yankee Imperialism" does in the context of Dollar Diplomacy.