Unit 5 Class Notes- imperialism and wwi american Expansionism

TR’s Take on Monroe’s Doctrine-

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TR’s Take on Monroe’s Doctrine- ***In the late 19th century, many Latin American countries were defaulting on their debts to foreign investors. By 1903, Germany had bombarded towns in defaulting Venezuela, and in 1904 Roosevelt feared that further defaults might cause debt-collecting European powers to remain in Latin America, thus violating the 80 year old Monroe Doctrine. In his December 1904 message to Congress, TR added his Roosevelt Corollary to the Monroe Doctrine.

  • He announced that if Latin American countries continued to default, the U.S. would pay off their debts, take over their customs houses, and keep the European creditors on their side of the Atlantic

    • ***In short, TR explained that it is in the best interest of the United States to intervene in nations whose political stability is threatened

  • ***Roosevelt’s Corollary to the Monroe Doctrine was put into action in 1905, when the Dominican Republic had defaulted on its debt payments.

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