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The Roosevelt Corollary was articulated in the aftermath of the Venezuelan crisis of 1902–1903. In late 1902, Britain, Germany, and Italy imposed a naval blockade of several months against Venezuela after President Cipriano Castro refused to pay foreign debts and damages suffered by Europeans in a recent civil war. [3]
The blockade provided the initial basis of the Roosevelt Corollary to the Monroe Doctrine. [14] [15] In 1904, although he had mentioned the basis of his idea beforehand in private letters, Roosevelt officially announced the corollary, stating that he only wanted the "other republics on this continent" to be "happy and prosperous".
The Roosevelt Corollary to the Monroe Doctrine was a substantial alteration (called an "amendment") of the Monroe Doctrine by President Theodore Roosevelt in 1904. [5] In its altered state, the Monroe Doctrine would now consider Latin America as an agency for expanding U.S. commercial interests in the region, along with its original stated ...
In 1904, Roosevelt announced his Roosevelt Corollary to the Monroe Doctrine. It stated that Washington would intervene in the finances of unstable Caribbean and Central American countries if they defaulted on their debts to European creditors.
The 1904 Roosevelt Corollary to the Monroe Doctrine, which proclaimed a right for the United States to intervene to stabilize weak states in the Americas, further weakened European influence in Latin America and further established U.S. regional hegemony.
McKinley was assassinated in September 1901 and was succeeded by Vice President Theodore Roosevelt. He was the foremost of the five key men whose ideas and energies reshaped American foreign policy: John Hay (1838-1905); Henry Cabot Lodge (1850-1924); Alfred Thayer Mahan (1840-1914); and Elihu Root (1845-1937).
As a result, the crisis produced the Roosevelt Corollary to the Monroe Doctrine, [29] described in Roosevelt's 1904 message to Congress. [7] The Corollary asserted a right of the United States to intervene to "stabilize" the economic affairs of small states in the Caribbean and Central America if they were unable to pay their international ...
In 1904, President Theodore Roosevelt added a "Corollary" to the Doctrine, which would later become known as the Roosevelt Corollary. Under this new interpretation of the Monroe Doctrine, opposition to European expansion continued, but in the event of "bad behavior" on the part of Latin American countries, "is was [now] the obligation of the ...