(mc)which of the following u. s. actions characterizes the foreign policy of dollar diplomacy? financially backing the construction of the panama canal establishing a u. s. military presence in china refinancing haiti’s national debt encouraging the flood of immigrants from europe and asia

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(mc)which of the following u. s. actions characterizes the foreign policy of dollar diplomacy? financially backing the construction of the panama canal establishing a u. s. military presence in china refinancing haiti’s national debt encouraging the flood of immigrants from europe and asia

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The correct answer is A) To refinance Haiti ‘s national debt.

Dollar diplomacy’s foreign policy was characterized by the action to refinance Haiti ‘s national debt.

Dollar diplomacy was the brainchild of President William H. Taft. In order to maintain political stability in a region in which the US had economic and political interests, the American Government should protect and increase the protection afforded to that region. Dollar diplomatic policy has been successfully implemented in the Caribbean and Central America. That’s why it is right to assert that the action of Dollar diplomatic foreign policy has been to refinance Haiti ‘s national debt.