5 US foreign policy by 1914Worldwide influenceEconomically motivated
6 US foreign policy by 1914Worldwide influenceEconomically motivatedLimited military engagement
7 The Monroe Doctrine: 1823 “The American continents, by the free and independentcondition which they haveassumed and maintain, arehenceforth not to beconsidered as subjects forfuture colonization by anyEuropean powers.”- Monroe DoctrineJames Monroe,
18 The Boxer Rebellion: 1900 Society of Righteous & Harmonious Fists 2,500 US troops involved in suppression
19 Dominican Republic default, 1903 - Unable to pay money owed on $40 million in loans.- European nations threatened to intervene.- US President Roosevelt announced that under the Monroe Doctrine , the US could not allow foreign nations to intervene in Latin America.
20 The Roosevelt Corollary to the Monroe Doctrine: 1904 Chronic wrongdoing… may in America, as elsewhere, ultimately require intervention by some civilized nation, and in the Western Hemisphere the adherence of the United States to the Monroe Doctrine may force the United States, however reluctantly, in flagrant cases of such wrongdoing or impotence, to the exercise of an international police power .
26 Commercial/Business Interests U. S. Foreign Investments: 1869-1908
27 Taft’s “Dollar Diplomacy”: 1909 US President,American economy needed opportunities for further growth- Intervention and loans in Asia and Latin America
28 U. S. Global Investments & Investments in Latin America, 1914
29 Improve financial opportunities for American businesses. Use private capital to further U. S. interests overseas.Therefore, the U.S. should create economic and political stability abroad in ways that would best promote America’s commercial interests.
30 U. S. Interventions in Latin America: 1898-1920s
31 Military/Strategic Interests Alfred T. Mahan, The Influence of Sea Power on History: