Imperialism in Latin America Notes PDF

Imperialism in Latin America Notes Dollar diplomacy- Latin America encouraging US banks and companies to invest in Latin america Nations ○ President Taft believed that it would eliminate US needs for armed intervention ○ President Taft believed this would allow for Amer...

Imperialism in Latin America Notes Dollar diplomacy- Latin America encouraging US banks and companies to invest in Latin america Nations ○ President Taft believed that it would eliminate US needs for armed intervention ○ President Taft believed this would allow for American property owned outside of the US would then have the same protection policy as property owned in the US United Fruit company ○ Had control over Banana plantations, Railroads and telegraphs, hospitals, ports, Great white fleet ○ Dominant over Latin America ○ Owned 40% of Guatemala's land at one point ○ Banana republics profited by controlling local governments, dominating economies, and exploiting workers Panama Canal- Canal between Atlantic and Pacific oceans ○ France tried first but it failed due to bad weather ○ When US first tries it fails because Panama is a part of Columbia and columbia did not approve- so US helped Panama break free from Columbia and US successfully builds Canal