What theory of government argued that power is held by a small group of people?

Elite theory

Explanation: Hi,The Elite theory in political science, is a theoretical perspective according to which a community’s affairs are best handled by a small subset of its members and in modern societies; such an arrangement is in fact inevitable.  

Elite theory's origins lie most clearly in the writings of Gaetano Mosca (1858–1941), Vilfredo Pareto (1848–1923), Robert Michels (1876–1936), and MaxWeber (1864–1920).

the big stick policy was to still look powerful, and be nice at the same time. the big stick policy was also to countries who were at war, find peace with eachother.

the dollar diplomacy was to expand american business and get it to latin america, for that would be good for the economy.

you my friend, your regards.

agubaba khaleekha.

i confess that there are several parts of this constitution which i do not at present approve, but i am not sure i shall never approve them: for having lived long, i have experienced many instances of being obliged by better information or fuller consideration, to change opinions even on important subjects, which i once thought right, but found to be otherwise. it is therefore that the older i grow, the more apt i am to doubt my own judgment, and to pay more respect to the judgment of others.