England feared that countries such as Spain and France would attempt to reclaim their former colonies and settlements. This would have caused England’s trade with the new independent nations to decline. The United States wanted to ensure that the Western Hemisphere was under their domination. The foreign minister from England at the time suggested a joint venture with the United States, to protect interests of both countries. But the secretary of state, John Q Adams, convinced President Monroe that the United States should come up with its own policy, which would protect the American interests, excluding England. Adams argued that the interests of the United States would be better served by a unilateral declaration. In Monroe’s yearly address to Congress on December 2, 1823, Monroe agreed to Adams’ beliefs. This was to become known as the Monroe Doctrine. The Monroe Doctrine was set on a few basic principles. The first stating that the Americas were no longer open for colonization, and any attempt to colonize would be seen as a national threat. Next, the United States would refrain from any foreign affairs and it would not participate in European wars. This doctrine was saw by many people as a proclamation of moral opposition to colonialism, but some such as Theodore Roosevelt saw it differently. Roosevelt added a point to the doctrine. This was called the Roosevelt Corollary. The Corollary gave the right to the United States to intervene to stabilize the economic affairs of small nations in the Caribbean and Central Americas if they were enable to pay their
England feared that countries such as Spain and France would attempt to reclaim their former colonies and settlements. This would have caused England’s trade with the new independent nations to decline. The United States wanted to ensure that the Western Hemisphere was under their domination. The foreign minister from England at the time suggested a joint venture with the United States, to protect interests of both countries. But the secretary of state, John Q Adams, convinced President Monroe that the United States should come up with its own policy, which would protect the American interests, excluding England. Adams argued that the interests of the United States would be better served by a unilateral declaration. In Monroe’s yearly address to Congress on December 2, 1823, Monroe agreed to Adams’ beliefs. This was to become known as the Monroe Doctrine. The Monroe Doctrine was set on a few basic principles. The first stating that the Americas were no longer open for colonization, and any attempt to colonize would be seen as a national threat. Next, the United States would refrain from any foreign affairs and it would not participate in European wars. This doctrine was saw by many people as a proclamation of moral opposition to colonialism, but some such as Theodore Roosevelt saw it differently. Roosevelt added a point to the doctrine. This was called the Roosevelt Corollary. The Corollary gave the right to the United States to intervene to stabilize the economic affairs of small nations in the Caribbean and Central Americas if they were enable to pay their