Latin American Interactions Essay
The first industrial societies of the world began in the West which consisted of North America and most of Western Europe. These societies needed abundant raw materials and new markets to fuel their industrialization. The West turned to the preindustrial societies of Latin America and Asia to fulfill this need. The West used their tools, technologies, financial influence, and transportation networks to acquire natural resources from Latin America and Asia. The greed of industrialization brought unique political and economic interactions between the West, Latin America and Asia that lead to dramatic changes in their economic infrastructure.
The West first set its eyes upon Asia to fuel …show more content…
The Roosevelt Corollary added a more aggressive element to the Monroe Doctrine. Theodore Roosevelt thought the United States should be essentially the ‘policeman’ tasked with maintaining order in Latin America. He believed that the United States should intervene in conflicts between European countries and Latin America to administer legitimate claims of the European powers, rather than having the Europeans implement their own claims . The US used the Roosevelt Corollary to intervene in the Dominican Republic to protect the United States’ interests and to repay the debts the Dominicans owed to European nations. William Howard Taft, the successor of Roosevelt, replaced Roosevelt’s policy with a more indirect and constructive Dollar Diplomacy in Latin America. Taft believed that the power of capital would change the Latin American nations to become more politically stable . Taft encouraged and supported American bankers and industrialists to invest Latin American industries. Whenever America’s financial interests were threatened, the US used this policy to justify intervention of the nation’s economy and/or government. The US carried out the Dollar Diplomacy in Honduras, Nicaragua, Panama, and Haiti. In Nicaragua a civil war broke out and threatened America’s financial interests. The US inserted Marines in Nicaragua to restore order and, more importantly, protect America’s financial interests. After the war, the American forces trained the Guarda Nacional to maintain order and provide security to American investments. Since the group supported by the US won the war, the state department encouraged U.S. bankers to offer generous loans to the new regime, thus increasing US financial leverage over the country. The US also supervised the election of Anastacio Somoza Garcia as commander of the Guard . Garcia maintained excellent