How did president tarts dollar diplomacy help Americans gain economic power over Latin American countries?

President Taft's Dollar Diplomacy aimed to expand U.S. economic influence in Latin America by encouraging American businesses to invest in the region. This policy sought to replace military intervention with financial investment, thereby promoting stability and U.S. interests through economic ties. By supporting American companies and providing loans to foreign governments, the U.S. gained leverage over Latin American economies, ultimately enhancing its political and economic dominance in the region.