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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 ...
The U.S. president then formulated the Roosevelt Corollary to the Monroe Doctrine, in December 1904, which asserted the right of the United States to intervene in Latin American nations' affairs. [31] Roosevelt first used the Corollary to act in the Dominican Republic in 1904, which at the time was severely indebted and becoming a failed state.
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 ...
Seeking to minimize European power in Latin America, he mediated the Venezuela Crisis and declared the Roosevelt Corollary. Roosevelt mediated the Russo-Japanese War (1904–1905), for which he won the 1906 Nobel Peace Prize. He pursued closer relations with Great Britain. Biographer William Harbaugh argues:
The idea picked up some endorsements from major health industry groups. “Providing low, fixed copayments for common generic drugs, as CMS proposed, ...
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).