Essay about Dollar Diplomacy

One of Roosevelt’s biggest accomplishments was constructing the Panama Canal. A canal meant a huge business boon to the United States, and also meant they could control the flow of goods and services between the hemispheres. The Panama Canal helped the import and export of goods, which in turn created jobs for people. All

Theodore Roosevelt saw the presidential position as a “steward of the people”, he thought that the president should be able to take actions the benefit the public. He believed that the government should be a mediator between the economic issues and the people. He wanted to guarantee justice for the people and favor none. He was known as a trustbuster because he dispensed antitrust suits against big trusts. He also during his Presidency had the Panama Canal constructed to help the relationship between Pan-America.

Theodore Roosevelt wanted to begin construction of the Panama canal before the campaigning of 1904. The treaty and $100 million offered to Colombia for the land for the canal was rejected by the Colombian government. Roosevelt was a man with short temper and the mentality that he was always right so he decided to take action and began with the killing of Chinese man and a donkey. Panama signed the Hay-Bunau-Varilla Treaty fifteen days later and the Panama was purchased by the U.S. for $15 million. To many people it seemed as though Roosevelt was actively trying to take away canal from colombia but that was not true. Construction began in 1904 and was finished ten years later in 1914 with the total cost of $400 million to build. Latin American nations were having hard time paying debts so countries such as Britain and Germany decided to send a force to South America to force them to pay. Theodore Roosevelt did not like this so he created the Roosevelt Corollary to keep the Monroe Doctrine together. This said that no other country could “bully” Latin America except the U.S. and Latin America felt Uncle Sam was being

The biggest event in Roosevelt's foreign policy involved the Panama Canal. U.S. naval leaders and internationalists always wanted to build a passage

Roosevelt’s most famous foreign policy was definitely the Panama Canal. Roosevelt created the National Bird Preserve. He was the president that had set aside land for some national parks and natural preserves. Theodore Roosevelt had strongly promoted the Conservation Movement.

This incident, along with the progressive method of using Christian ethics and the progressive belief of pragmatism, changed Roosevelt’s idea about the Monroe Doctrine. Roosevelt believed that Christian citizens had “the duty of bearing one another’s burdens.” This belief influenced him to interpret the purpose of the Monroe Doctrine as “to safeguard like independence and secure like permanence for the lesser among the New World nations” as well as to prevent European colonization in the Western Hemisphere. However, after the Venezuela crisis, Roosevelt saw that the original doctrine was not enough to safeguard peace in the Western Hemisphere. He realized that wrongdoing from Latin American nations, for example, that Venezuela did not pay debts to European countries, could lead to European aggression in the Western Hemisphere. Roosevelt was afraid that the aggression stayed permanently and contravened the Monroe Doctrine. Using pragmatism to make the Monroe Doctrine not the “the emptiest of the empty phrases,” he stated that the United States had a duty to supervise ineffective Latin American governments, whose instability and economic problems could

Roosevelt felt strongly about trade throughout the world. In 1904 the Isthmus of Panama was first broken by American shovel. After months of negotiation, the Latin American government allowed the creation of the Panama Canal. The U.S. military and other volunteers did most of the work. But because of Yellow Fever and Malaria , few workers returned. In 1914 the Canal Zone was finished and for the first time the Pacific and Atlantic Oceans were flowing together.

With European conquest spreading throughout the world, the US as a growing nation needed political influence and military influence to protect themselves from imperialism. In the early 1800s, Latin America had been establishing their freedom from the Spanish empire, and the US decided to strengthen its power in the region. After acknowledging some of the first Latin American countries, President James Monroe announced the foreign policy, the Monroe Doctrine. President Monroe’s new policy followed three main ideas: no European colonization in the American continents, the US would not meddle with European affairs, and if the Europe did intervene in American matters then it would be considered as an act of war. Despite the lack of US military

The Banana Wars began with injustices, corruption, lawless societies and labor abuse in Latin America. Banana workers began what was comparable to a civil rights movement in the tropical fruit trade. Warring tropical countries stemmed from maltreatment [clarification needed] and abusive working conditions gave rise to one of the earliest and most militant labor movements in early Latin America. The discourse and corruption facing Latin American people and governments is what prompted the United States influence.[clarification needed]

Theodore Roosevelt was a President known for a very dynamic and progressive administration, and his foreign policy in Latin America was no exception. His policies in Latin America were beneficial for the rapidly growing United States, but left an impact on Latin America that was both positive and negative. President Roosevelt took past policies of the United States, such as the unenforced Monroe Doctrine of 1823, and amended them to have the backing of the Navy in the early 1900s. One particular amendment was called the Platt Amendment of 1901, and opened the door to United States expansionism under President Roosevelt. It was under this amendment that Cuba quickly became the foundation for the new Latin American policies of the United States. The Roosevelt Corollary was another important part of Roosevelt 's Latin American foreign policy. Roosevelt believed that Latin America was quite vulnerable to European expansionism, and added his Corollary to the Monroe Doctrine which stated that should the Europeans attack, and should any Latin American nation engage in “chronic wrongdoing” such as outstanding debt, then the United States would intervene on their behalf. In essence, Europe would remain where it was, while the United States controlled the entire Western Hemisphere. The opportunity came for Roosevelt to implement this policy during the invasion of the Dominican Republic by European debt collectors, and Venezuelan Crisis. Lastly, Theodore Roosevelt had a

He started the construction of the Panama Canal, aware of the strategic need of a shortcut between the Atlantic and Pacific

He thought a canal would help with security and economic growth in American. In 1903 the Hay-Herrán Treaty was approved, it stated that the Unites States would pay Colombia $10,000,000,000 then $250,000 yearly to build a six mile canal. Colombia rejected the offer and asked for $25 million instead. Building the canal didn’t seem possible, that was until November of 1903 when the Republic of Panama was formed after Panamanian Rebels declared independence from Colombia (Singer 8). To protect the newly formed republic Roosevelt sent American warships and battleship U.S.S Nashville into the Panamanian waters. Since Panama was recognized as a independent state the canal zone was extended.

The economy was expanding and the US became more interested in the well being of surrounding economies. The Dominican Republic was in debt to various European nations at this time. They were having problems paying their debts and chose to stop paying them. In response to this issue, President Theodore Roosevelt formulated an extension to the Monroe Doctrine. The Roosevelt Corollary, as it became to be known, gave the US the power to intervene with European powers coming west in an attempt to collect debts.2 The fear was that Europe, in an attempt to collect debts, would occupy and control the country in debt. With the Panama Canal on the scope, this would hinder economic stimulus in the US. President Roosevelt’s beliefs are best captured in the Corollary when he stated:

In 1903, the United states under President Theodore Roosevelt signed a treaty with Panama which gave over the rights to build and control the passage through what we now know as the famous Panama Canal, with the purpose of creating a politically, economically and geographically significant waterway that would allow for the travel of ships from the

During the late nineteenth and early twentieth century, the United States was the most dominant power in the Western Hemisphere. European nations conceded to the United States their right of any intervention in the Western Hemisphere and allowed the United States to do whatever they wanted. The United States took this newly bestowed power and abused it. The United States intervened in many Latin American countries and imposed their policies on to these countries against their will. A perfect example of this aggression is what occurred in the Dominican Republic in 1904. The United States intervened in this sovereign nation and took control of their economy and custom houses. A memorandum from Francis B. Loomis, the United States Assistant