A New Foreign Policy

The Panama Canal was built by the Americans to create a shorter route between the Pacific and Atlantic Oceans. This would provide a more efficient and convenient passage for ships, saving time and resources compared to the longer routes around South America.

The correct answer is "The Dollar Diplomacy." This is because President Taft's policy of encouraging American investments in foreign economies was known as the Dollar Diplomacy. This policy aimed to promote American economic interests abroad by using economic resources and investments as a means of exerting influence and gaining control over other nations. It was a key aspect of Taft's foreign policy during his presidency.

The Roosevelt Corollary is President Theodore Roosevelt's extension of the Monroe Doctrine, which asserted the right of the United States to intervene in Latin American nations. This policy was implemented in response to perceived threats to stability and American interests in the region. By asserting this right, Roosevelt aimed to establish the United States as a dominant power in the Western Hemisphere and to protect its economic and political interests in Latin America.

President Roosevelt's "big stick" refers to his policy of using the United States Navy as a show of force to maintain stability and protect American interests. This policy, known as "Big Stick Diplomacy," emphasized the use of military power to assert American influence and deter potential adversaries. By having a strong navy, Roosevelt aimed to demonstrate American strength and ensure that other nations would think twice before challenging American interests in the Western Hemisphere.

A concession refers to a grant for a piece of land for a specific purpose. It is a permission or right given by a government or authority to an individual or organization to use a particular area of land for a specific reason, such as for mining, agriculture, or tourism. This grant allows the recipient to have exclusive rights and control over the land for the designated purpose, often for a specified period of time.

President Woodrow Wilson's foreign policy was run morally and legally. This implies that Wilson's approach to international relations was guided by principles of ethics and adherence to international laws and norms. He believed in promoting democracy, self-determination, and human rights, and sought to establish a more just and peaceful world order. Wilson's policies included the establishment of the League of Nations and his famous Fourteen Points, which aimed to prevent future conflicts and promote cooperation among nations. His emphasis on morality and legality shaped his diplomatic strategies and decision-making processes.

President William Howard Taft used the Dollar Diplomacy. This policy aimed to promote American economic interests in Latin America and East Asia by encouraging investment and trade. Taft believed that by using economic influence, the United States could maintain stability and prevent European powers from gaining control in these regions. He encouraged American businesses to invest in foreign countries and supported the use of military force to protect American economic interests. The Dollar Diplomacy was a key component of Taft's foreign policy during his presidency from 1909 to 1913.

President Roosevelt won the Nobel Peace Prize in 1906 for being a successful mediator. This means that he played a significant role in resolving conflicts and promoting peace between nations. His efforts in mediating the Russo-Japanese War led to the Treaty of Portsmouth, which ended the war and earned him international recognition. Roosevelt's diplomatic skills and ability to bring parties together in negotiations were instrumental in achieving a peaceful resolution, making him a deserving recipient of the Nobel Peace Prize.