President Theodore Roosevelt (27th October, 1858 - 6th January, 1919) announced the Roosevelt Corollary to the Monroe Doctrine in 1904. The Monroe Doctrine of 1823 stated that attempts by Europeans countries to interfere with or colonise countries in the Americas would be viewed as acts of aggression. The Roosevelt Corollary asserted the right of the US to intervene in the economies of small, unstable Caribbean and Latin American states if they were struggling to pay their debts to European powers.
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