Essay about Foreign Policy - Roosevelt Corollary

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The Roosevelt Corollary greatly affected American foreign policy. It was in sharp contrast to the Monroe Doctrine, put in place to stop foreign intervention with the American continents. In 1823 President Monroe implemented US policy that stated European powers were not allowed to colonize or interfere with the newly budding United States or the Americas. In 1904 President Roosevelt expanded upon this policy in response to European intervention with Latin America. This policy became known as the Roosevelt Corollary. The document echoed the style of leadership President Roosevelt became synonymous with. This more aggressive form of policy became known as Big Stick Diplomacy. Foreign policy in the United States would forever be…show more content…
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:
It is not true that the United States feels any land hunger or entertains any projects as regards the other nations of the Western Hemisphere save such as are for their welfare. All that this country desires is to see the neighboring countries stable, orderly, and prosperous. Any country whose people conduct themselves well can count upon our hearty friendship. If a nation shows that it knows how to act with reasonable efficiency and decency in social and political matters, if it keeps order and pays its obligations, it need fear no interference from the United States.
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