Big stick ideology, refers to President Theodore Roosevelt’s foreign policy: "speak softly and carry a big stick; you will go far." Roosevelt described his style of foreign policy as "the exercise of intelligent forethought and of decisive action sufficiently far in advance of any likely crisis." As practiced by Roosevelt, big stick diplomacy had five components. First it was essential to possess serious military capability that would force the adversary to pay close attention. At the time that meant a world-class Navy. Roosevelt never had a large army at his disposal. U.S. President Theodore Roosevelt was the surprise winner of the 1906 Nobel Peace Prize after using his "Big Stick" diplomacy to broker a peace treaty to end the Russo-Japanese War.
Bonanza farms were very large farms established in the western United States during the late nineteenth century. They conducted large-scale operations, mostly cultivating and harvesting wheat.Homesteaders did not like the bonanza farmers because they did not do business locally and did not take part in the local schools or social institutions. Changing world conditions and a surplus of wheat, which caused a decline in prices, made the bonanzas less profitable. New tax laws discriminated against them.
Dollar diplomacy of the United States—particularly during President William Howard Taft's presidential term— was a form of American foreign policy to further its aims in Latin America and East Asia through use of its economic power by guaranteeing loans made to foreign countries.President William Taft justified his 'Dollar Diplomacy' as a natural extension of the Roosevelt Corollary to the Monroe Doctrine which asserted the right of the United States to intervene to "stabilize" the economic affairs of small states in Central America and the Caribbean if they were unable to pay
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was widely used in the 19th and early part of the 20th century.The age of gold standard prominence has passed, although many counties still keep significant gold reserves including the U.S., France, Germany, Italy, China and Switzerland. Gold and the US$ have always had an interesting relationship. Over the long term, a declining dollar generally means rising gold prices.
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