Dollar Diplomacy

Foreign policy created by U.S. Pres. William Howard Taft (served 1909–13) and his secretary of state, Philander C. Knox, to ensure the financial stability of a region while protecting and extending U.S. commercial and financial interests there.

In his final message to Congress on 3 December 1912, President William Howard Taft looked back at the foreign policy followed by the United States during his administration. Taft's remarks gave formal definition to the term "dollar diplomacy," a phrase synonymous with the diplomacy his administration pursued between 1909 and 1913. During those years the goal of diplomacy was to make the United States a commercial and financial world power.

The idea of protecting American commercial interests around the world was not new and had been part of the diplomacy of the United States since its earliest days. Efforts to trade with British and Spanish colonies in the Western Hemisphere, defense of the rights of neutrals to trade in wartime, and support of the most-favored-nation concept were all predecessors of dollar diplomacy. Yet dollar diplomacy was the subject of much controversy during the Taft administration and in the years that followed.


https://www.americanforeignrelations.com/A-D/Dollar-Diplomacy.html


MONROE DOCTRINE 

Definition and Summary: The Monroe Doctrine was delivered to Congress by President James Monroe on December 2, 1823. The doctrine declared against foreign colonization, or intervention in the Americas, and the intention of the United States to remain neutral in European wars. James Monroe was the 5th American President who served in office from March 4, 1817 to March 4, 1825. One of the important events during his presidency was his delivery of the Monroe Doctrine to Congress, in 1823 which was to define the foreign policy of the United States for many years.The Monroe Doctrine was first set out in a speech by President James Monroe in his annual message to Congress on December 2, 1823.The purpose of the Monroe Doctrine was to declare the United States opposition to colonialism. 

http://www.american-historama.org/1801-1828-evolution/monroe-doctrine-1823.htm





ROOSEVELT COROLLARY 

The Roosevelt corollary was a supplement to the Monroe Doctrine with which President Theodore Roosevelt reacted to the Venezuela crisis in 1902.1903. It was articulated in 1904 and stated that the United States would intervene in the conflicts between countries in Latin America and European countries in order to avoid the pressure of direct claims of European powers on Latin America. This politic of exerting international police power built a consistent guideline within Roosevelts foreign politics as it proved consistent in later corollaries like the Big Stick Diplomacy. One can generally say, that the Monroe Doctrine aimed to prevent European intervention and the Roosevelt Corollary served to justify the US intervention throughout the globe. 

Comentarios

Entradas populares