What was a key goal of Taft's Dollar Diplomacy?

A key goal of Taft's Dollar Diplomacy was indeed to maintain stability in Latin America. This approach aimed to replace military intervention with economic influence, whereby the U.S. would invest in the economies of Latin American countries. The belief was that improving these economies would create more stability and prevent political unrest, which, in turn, would benefit American business interests. Taft's administration sought to promote American investment as a means to foster goodwill and stability, reducing the likelihood of conflicts that could necessitate military involvement.

This focus on economic ties rather than military action marked a shift in U.S. foreign policy during Taft's presidency, aiming to secure American interests while promoting regional stability. By fostering economic relationships, Taft believed that the U.S. could avoid the negative consequences often associated with direct military intervention.