HIS 1510 Lecture Notes - Lecture 10: Franklin D. Roosevelt, Electoral Fraud, Military Exclusion Zone
Document Summary
The era of direct intervention (1914-1932: dollar diplomacy, interventions in the dominican republic, the rising american hegemony. The era of indirect intervention (1933-1945: mexico, nicaragua, dominican republic. American interest in latin america is not something new: always considered it to be their own, and protective, since 1823 doctrine monroe. Woodrow wilson: giant ego, believes in national self-determination (for white people only) Enacts paternalistic foreign policy: americans duty to intervene and help southern neighbors get rid of instability and corruption, fear of foreign (european) intervention, trying to protect panama canal. Dollar diplomacy: howard taft"s idea, south american countries who require money borrow from international banks which are primarily in europe. Banks pressure their country to intervene in order for repayment. Nicaragua: default on foreign european loans, american government lends nicaragua resources (money and gifts) it needs to repay other loans in exchange for american naval bases in nicaragua. Dominican republic: more intense, dominican republic in financial trouble.
