William Howard Taft, former governor of the Philippines, followed Roosevelt into the White House. Taft believed in economic expansion, and he introduced a policy called "dollar diplomacy." This policy used diplomacy to advance and protect American businesses in other countries. Taft employed Roosevelt's corollary in Nicaragua and other Latin American countries to protect American investments.
American businesses had been active in Nicaragua since the 1850s. The lush country attracted American fruit growers and mining companies. Others believed that Nicaragua offered the best site for a canal, and they invested in land. Cornelius Vanderbilt started a company that transported passengers between New York and San Francisco via the Nicaraguan jungle. Shortly after Commodore Perry opened Japan, Vanderbilt plotted to take control of Nicaragua.
With Vanderbilt's help, a young adventurer named William Walker set out with fifty-seven followers to conquer Nicaragua. A short, freckled man with sharp green eyes, Walker formed an alliance with a group of local rebels and defeated the Nicaraguan forces. He proclaimed himself "commander in chief," and soon thousands of Americans rushed into the country. Many Americans wanted the United States to assume direct control of Nicaragua. The government, however, was afraid to upset the fragile balance between "free" and "slave" territories.
Walker eventually quarreled with Vanderbilt about the transit company, and soon another revolution drove him from power. In 1860 Walker died before a firing squad. American economic involvement in Nicaragua lived on.
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http://www.smplanet.com/imperialism/teddy.html~~~~~~~~~~~~~~~~~~~18 months after the Kathie Lee Gifford scandal, sweat shop conditions are worse than ever; top American companies exposed
Weekly News Update on the Americas, 22 November 1997
"They Hit You...They Hit You in the Head...To Make You Work Faster," says Nicaraguan Factory Worker Jolena Rodriguez.
A HARD COPY/National Labor Committee Joint Investigation Airdate - Tuesday, November 11; Wednesday, November 12; and Thursday, November 13 Wal-Mart, K-Mart, and JC Penney exposed in Nicaraguan sweat shop investigation
Workers making these garments are paid a base wage of 15 cents per hour; compared to the base wage of 31 cents per hour Honduran workers were paid in the Kathie Lee Gifford scandal.
Child workers as young as 15, working 13 hour days, seven days a week. "We young people have the capacity to work more and be more efficient for them," says Karla, a worker, "never has anyone been fired for being underaged."
Workers allege verbal, physical and sexual abuse by supervisors. "I refused his offer to have sex...He moved me to another (production) line to see what they could do to me; if they could fire me," says factory worker, Carla Beltran.
Factories surrounded by barbed wire, under armed guard.
Tin and stick shacks, with cardboard walls and dirt floors; housing entire families in a space the size of two cubicles; as many as five people are crammed into one bed.
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http://www.hartford-hwp.com/archives/47/266.html