Corollary to the Monroe Doctrine

Definition

The Corollary to the Monroe Doctrine was an extension of the Monroe Doctrine issued by President Theodore Roosevelt in 1904. It asserted that the United States had the right to intervene in Latin American countries if they were unable to maintain stable governments or pay their debts.

Related terms

Dollar Diplomacy: This term refers to a foreign policy approach used by President William Howard Taft that focused on promoting American economic interests abroad.

Banana Republics: These were politically unstable countries in Central America and the Caribbean that relied heavily on fruit exports controlled by American companies.

Big Stick Diplomacy: This term describes Theodore Roosevelt's foreign policy approach which emphasized using military force when necessary while negotiating peacefully.