Remember that the Ring was made from Sauron’s power. The One Ring was quite possibly more the Will of Sauron made into metal than an independant being
Yes, it can, if the wielder is strong and controlling enough. And it can do much more. Even the elven rings, not made with Sauron’s help, were subject to his power. The elven Ring-masters noticed when Sauron put his on, and they hid themselves and removed their rings.
This might have been possible, but no wielder ever had the power to force them to serve. The Ring can, in other ways, do this with almost anyone.
As it happens, the Dwarves, made from the earth and rock, were nigh-unbreakable by the Rings. Their hearts had little lust for power and they largely wanted to be left alone. At worst, they grew somewhat greedy (though they were not completely obsessed) and asembled the fabled Dwarven hordes, such as the one Smaug sat on. Sauron stole back their Rings, or they were destroyed by dragon-fire. (Dragon fire could not break the Ruling Ring, the One Ring)
The Elves who wore rings were both old and very wise (Cirdan, IIRC, was of the first generation!!!, ever, period). They were not easily or soon corrupted in case. Moreover, the elven-rings were not made by Sauron, but by a smith Sauron betrayed, and so were not corrupt in that hidden manner. But additionally, such enchantments would have been pointless against elves, who neither naturally age nor waste away.
Men were uniquely vulnerable, at least in the sense of becoming wraiths. They were not made to last upon the earth but to leave it, so were given less native power.