Imperialist Foreign PolicyImperialist Foreign PolicyUS History: SpiconardiUS History: Spiconardi

Roosevelt CorollaryRoosevelt Corollary Reinterpretation and addendum to Monroe Reinterpretation and addendum to Monroe

DoctrineDoctrine• The Monroe Doctrine required the US to step in The Monroe Doctrine required the US to step in

& act as an “international police power.”& act as an “international police power.” Economic problems in Venezuela and the Dominican Economic problems in Venezuela and the Dominican

Republican led to the possibility of European Republican led to the possibility of European interference in those nationsinterference in those nations

The “Big Stick” PolicyThe “Big Stick” Policy ““Speak softly and carry a big stick.”Speak softly and carry a big stick.”

• Use would use diplomacy at first to Use would use diplomacy at first to protect interests in Latin America, but…protect interests in Latin America, but…

Would use military force when necessary Would use military force when necessary

Panama CanalPanama Canal In 1901 the United States negotiated In 1901 the United States negotiated

the rights to build a canal in the the rights to build a canal in the CaribbeanCaribbean• Had to allow Had to allow allall nations to use it nations to use it

U.S. decides to construct canal in U.S. decides to construct canal in Panama, which was part of Colombia Panama, which was part of Colombia

Colombia did not agree to the Colombia did not agree to the financial terms offered by the United financial terms offered by the United StatesStates

Panama CanalPanama Canal Roosevelt strongly encourages Roosevelt strongly encourages

Panamanians to rebel and declare their Panamanians to rebel and declare their independenceindependence

Under TR’s foreign policy, use brokers a Under TR’s foreign policy, use brokers a treaty, which Panama to construct a canal treaty, which Panama to construct a canal and lease the land for 99 yearsand lease the land for 99 years

Panama CanalPanama Canal 250 million cubic 250 million cubic

yards of soil yards of soil removedremoved

Ten years to Ten years to constructconstruct

Workers died of Workers died of yellow fever and yellow fever and malariamalaria

Dollar DiplomacyDollar Diplomacy President Taft’s foreign policy President Taft’s foreign policy

• United States would invest in foreign United States would invest in foreign economies to ensure stability economies to ensure stability

Increases American involvement in foreign Increases American involvement in foreign affairsaffairs

Assume debts and pay them off to avoid Assume debts and pay them off to avoid interference from European nationsinterference from European nations

The Good Neighbor PolicyThe Good Neighbor Policy Presidents Hoover Presidents Hoover

and F.D. Roosevelt and F.D. Roosevelt try to improve try to improve relations with Latin relations with Latin AmericaAmerica• Less intervention & Less intervention &

more cooperationmore cooperation Economic influence Economic influence

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