dollar diplomacy
- noun
- /ˈdɑːlər dɪˈpləʊməsi/
- Specialized
:
diplomacia del dólar
- dollar diplomacy played a crucial role in expanding American investments in Central America during the early twentieth century.
- a new dollar diplomacy
Examples
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Dollar diplomacy not only established the terms of how the US government dealt with Latin America.
Academic text (1999) -
Two forms of foreign economic control have characterized the new dollar diplomacy era of foreign investment in Latin American industry.
Academic text (1999) -
At the same time, Taft's three elements of dollar diplomacy converged at the core of US policy toward Latin America.
Academic text (1999) -
Bush confirmed the shift to dollar diplomacy in June 1990, when he launched the "Enterprise for the Americas" to further strengthen democratic structures and economic liberalization.
Academic text (1999) -
To be sure, through the twentieth century, American policymakers never abandoned the key tenet of dollar diplomacy: an open door to US investment, finance, and commerce in the Americas.
Academic text (1999) -
The government's strategy of dollar diplomacy aimed to strengthen its influence by providing loans to developing nations.
-
Many critics argue that dollar diplomacy prioritizes profits over the welfare of the countries receiving financial aid.
Synonyms
362
3.4
A government's plan for dealing with other countries
201
3.7
Skill in carefully managing talks and relations between people or countries
How Influential
28
8.0
- Specialized
Surface Forms
Morphology
The noun combines 'dollar' (money/financial power) with 'diplomacy' (conducting international relations), so its meaning — using financial resources to influence other countries — is directly inferable from the constituents. This compositional logic is cross-linguistically common (e.g. 'diplomacia del dólar') and thus a B1 learner who knows both words would readily grasp the term's basic sense, even if they might not know its historical/political specifics.
Etymology
Dollar diplomacy puts dollar, meaning money, together with diplomacy, meaning talks with other countries; one popular story says US leaders in the early 1900s used loans and investments to influence other governments instead of using soldiers. So, dollar diplomacy means 'using a country's money to gain influence in other countries'.