Who was the President associated with the "Dollar Diplomacy"?

The President associated with "Dollar Diplomacy" is William Howard Taft. This term refers to Taft's foreign policy approach, which aimed to use economic power to achieve U.S. foreign policy goals, particularly in Latin America and East Asia. The idea was that by investing American capital in foreign markets, the United States could both promote stability and expand its influence without the need for military intervention. This approach contrasted with the more aggressive strategies employed by his predecessor, Theodore Roosevelt, who favored military might in what was called "Big Stick Diplomacy."

Taft believed that by encouraging U.S. businessmen to invest in foreign countries, particularly those in financial distress, the U.S. could foster political stability and prevent European intervention in the affairs of those nations. This strategy was a significant aspect of his presidency and reflected a broader trend in U.S. foreign policy during the early 20th century, where economic interests often drove international relations.