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World War I

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Roosevelt: The Big Stick
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Terms in this set (39)
connects the Atlantic and Pacific oceans, a ship canal 40 miles long across the Isthmus of Panama built by the United States (1906-1914)
>The canal was a top priority of TR's and he tried to negotiate a leasing agreement with Columbia, of which Panama was a province.
>Columbia rejected and TR kept in touch with Philippe Bunau-Varilla an engineer and agent for the New Panama Canal Company//leader of revolt against Columbia
>Just when the USS Nashville arrived in Panama in 1903, the province of Panama declared itself independent of Colombia. The US immediately recognized the new Republic of Panama.
>Philippe became minister and signed a treaty granting the US full sovereignty over the canal
>America guaranteed Panama's independence and paid an initial 10 million dollars and additional 250,000 dollars a year for the canal zone. Years after the canal was completed the US Senate voted another 25 million to Colombia as compensation.
>Formulated by Sec of State John Hay in 1899
>China was being carved into spheres of influence, in which individual nations enjoyed economic dominance
>Hay sought guarantees of equal opportunity for its commercial interest there later on after many countries.
>Hay won approval for the Open Door approach, giving all nations equal access to trading and development rights in China.
>Outbreak of war between Japan and Russian in 1905 threatened this policy
>TR concerned that a victory by either country could upset the balance of power in East Asia and threaten American business enterprises, mediated a settlement for which he was awarded the 1906 Nobel Peace Prize.
>Japan won recognition of its dominant position in Korea and Manchuria.
>Fighting over railroad interests in China
>When Japan and Russia signed a friendship treaty the Open Door Policy in China closed and American relations with Japan began a slow deterioration.

-----bolstered american commercial interests in china
>Believed he could replace the militarism of the big stick with the more subtle and effective weapon of business investment ($$)
>He hoped to substitute dollars for bullets but he was to discover limits to this approach in both the Caribbean and Asia.
>DD ended up requiring military support. Sent navy and marines to intervene in political disputes in Honduras and Nicaragua

--foreign policy program to lend money to latin american nations who were in danger of being taken over by europeans