key events

The Back Story: In the Venezuela Crisis of 1902-1903, European powers blockaded Venezuela to collect debts and damages. This crisis prompted the U.S. to create the Roosevelt Corollary to prevent Europeans from intervening in the region.

Roosevelt's Change: President Roosevelt declare that the U.S. had the right to intervene in Venezuela because it had the authority to stabilize the economic affairs of all nations in the Caribbean and Central America, particularly if they could not pay their foreign debts.

In 1928, President Coolidge reversed some parts of the Doctrine. with the Clark Memorandum, and President Hoover also backed away from U.S. imperialist policy in this region.

In 1934 Franklin Roosevelt placed the "Good Neighbor Policy", which further renounced interventionism,