I. Teddy Roosevelt and the World A. Roosevelt the Peacemaker 1. Helped negotiate the end of the Russo- Japanese War. 2. Roosevelt won the 1906 Nobel Peace Prize for his efforts. 3. Japan and U.S. pledged to respect each other’s possessions in the Pacific
B. Panama Canal 1. The 1901 Hay-Pauncefote treaty between Great Britain and the U.S. gave the U.S. complete rights to build a canal. 2. The U.S. paid Panama 10 million plus an annual rent of $250,000 for an area of land across Panama. 3. The cost to build the Canal was about 380 million.
4. On August 15, 1914 the canal opened for business. 5. However, U.S.-Latin American relations had been damaged because Panama had belonged to Columbia, but the U.S. had helped them rebel.
C. Roosevelt Corollary 1. The Monroe Doctrine demanded that European countries stay out of the affairs of Latin American countries. 2. The Roosevelt Corollary added to the Monroe Doctrine that the U.S. would use force to protect its economic interests in Latin America.
D. Dollar Diplomacy 1. Roosevelt began to guarantee loans made to foreign countries by American businesspeople. 2. The U.S. loaned Nicaragua enough money to get out of its debts, but took over their national bank, railroads, and tariff money.
II. Wilson’s Missionary Diplomacy A. The Mexican Revolution 1. Mexican Dictator Porfirio Diaz had been a friend to the U.S. and many Americans owned a large share of Mexican oil wells, mines, railroads, and ranches. 2. Peasants under Francisco Madero overthrew Diaz, but after 2 years general Victoriano Huerta killed Madero.
B. Intervention in Mexico 1. Wilson took the port of Veracruz because Huerta arrested a small group of American Sailors. 2. Venustiano Carranza became president after Huerta’s regime collapsed. 3. Wilson withdrew troops and recognized Carranza’s government
C. Rebellion in Mexico 1. Rebels under the leadership of Pancho Villa and Emiliano Zapata shot and killed a group of American engineers. 2. Two months later some of Villa’s followers raided Columbus, New Mexico and killed 17 Americans.
D. Chasing Villa 1. Wilson ordered General John Pershing and a force of 15,000 soldiers to hunt down Villa. 2. However, Wilson ordered the troops to leave because the U.S. got involved in WWI. 3. The conflict with Mexico showed the U.S. would do whatever it took to protect its interests even through armed intervention.