How did American foreign policy shift under Howard Taft's presidency?

Under President William Howard Taft, American foreign policy shifted towards "Dollar Diplomacy," which emphasized the use of economic power to achieve foreign policy goals rather than military intervention. Taft aimed to promote American financial interests abroad, particularly in Latin America and East Asia, by encouraging investments and loans to stabilize regions and foster goodwill. This approach marked a departure from the more aggressive tactics of his predecessor, Theodore Roosevelt, focusing instead on economic influence as a means of maintaining stability and promoting American interests.