What was the primary focus of President Taft's Dollar Diplomacy in Latin America?

President Taft's Dollar Diplomacy primarily aimed to encourage American business investment in Latin America and East Asia. This approach was grounded in the belief that financial investment would create stable economic relations and foster development, which in turn would lead to more favorable political conditions for the United States. By promoting American interests through economic means rather than military intervention, Taft sought to balance diplomacy with economic growth, facilitating a stable environment where American businesses could thrive. This strategy was intended to reduce the likelihood of conflict while simultaneously enhancing the economic influence of the United States in the region. The focus was less on direct military involvement or the promotion of democracy, but rather on using investment as a tool for American influence.