Theodore Roosevelt's Foreign Policy: The Panama Canal In 1903

Another part of the foreign policy that was motivated by economic reasons was the Panama Canal in 1903. The revolutionaries with Panama had the help of Theodore Roosevelt and declared independent from Colombia. Roosevelt aided in this was to “maintain free and uninterrupted transit across the Isthmus”. During this Panama gave US sovereign rights to a ten mile wide canal zone, which was open in 1904[1]. This canal was crucial to trade for America as from San Francisco to Liverpool saved around 42% time in the journey. This shows that whole assistance by Teddy Roosevelt for independence of Panama was caused by the trade improvements by this canal. It shows that the Latin countries have aided in trade and Economic for America, without it create to efficiency of imports and exports. [9]

This can be seen with Theodore Roosevelt Corollary of 1904 after the Venezuela crisis which stated was the “exercise of an international police power”. The Venezuela crisis was when European countries such as England and Germany used force to reclaim debt owed by Venezuela. He used the Monroe Doctrine to assert that European countered could no longer colonize and cause disruption between relationships with the countries such as Venezuela. [43] To prevent this Theodore Roosevelt sent U.S troops to Cuba, Dominican Republic and Nicaragua. Evidence that influences trade, the house of Senate were considering plans to build a canal through Nicaragua [1]. Suggesting that policing the Latin American countries were motivated by economic and trade to help America grow. This can also been seen in Cuba with US “was empowered to retain 55 percent of custom receipts for the purpose of debt service.[1] This shows the business that were gaining by having Cuba “policed” by