Hawaii is annexed by
the United States.
At the end of the Spanish-American War, Spain cedes the Philippines, Guam, and Puerto Rico to the U.S.
Secretary of State, John Hay, requests an "open door" policy by which all nations receive equal treatment from China in regards to trade and commerce.
"Dollar Diplomacy" was President Taft's alternative to Roosevelt's "big stick" diplomacy. Taft believed the U.S. should use American capital to bring reform to corrupt governments in Latin American countries.
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