Roosevelt's own foreign policies was the Big Stick Diplomacy. Roosevelt said that the United States would "Speak softly and carry a big stick". By this, he meant that the States would use its own influence and the threat of war to enforce the Monroe Doctrine or meet other foreign policy needs. He was also afraid that if the Latin American countries weren't able to pay back their debt and loans to the European banks, the Europeans would be able to gain their own power in Latin America. In order to strengthen the Monroe Doctrine, Roosevelt added the Roosevelt Corollary in 1904. He stated that he wanted the United States to act as an "international police power" in Latin America. Which meant that the U.S. willing to use its military power to protect its own interests. Resulting from this, the U.S. intervened quite often in Latin America. Once, Unites States banks paid off European loans in Santo Domingo so that they could control the countries finances.
Taft's foreign policies were called the Dollar Diplomacy. He followed Roosevelt and used military power to control a revolt in Nicaragua. Taft used this around the world and he preferred dollars over bullets. Fair trade? Maybe. He thought that the U.S. should increase its investments in other countries so that they could maintain and even increase their own power. The government even backed loans made by U.S. businesses to foreign countries. Dollar Diplomacy was very successful, along with the use of troops, in enforcing U.S. control.
Finally, Woodrow Wilson's foreign policy was called the Moral Diplomacy. He suggested using this because it meant that the U.S. would only support Latin American governments that were democratic and also that supported Unites States interests. In order to protect our business interests, the U.S. intervened in Nicaragua and Santo Domingo. And in Mexico, Wilson refused to recognize a general who had obtained power illegally. Wilson also sent troops into Mexico after they had made changes in their government and after attacks on U.S. citizens and interests. After a constitutional government was established, U.S. troops were withdrawn. However, Moral Diplomacy was not effective in creating a government in Mexico like the Unites States.
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