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26.5 Imperialism in Latin America. Chapter 26 Imperialism. I. Economic Imperialism. Europeans and Americans invested money in Latin America Foreign investors sent money back home limiting growth Borrowed Money Many borrowed money from the U.S. and Europe
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26.5 Imperialism in Latin America Chapter 26 Imperialism
I. Economic Imperialism • Europeans and Americans invested money in Latin America • Foreign investors sent money back home limiting growth • Borrowed Money • Many borrowed money from the U.S. and Europe • Pressure on those that were not paid back. Troops and ships
II. The Spanish American-War • 1898- disagreement over Cuba • War • The Maine exploded • U.S. declared war in April 1898 • Treaty of Paris • Spain gave up its claim to Cuba • Gave Puerto Rico, Philippines, and Guam to U.S. • Platt Amendment • U.S. granted a permanent naval base- Guantanamo Bay
III. The Panama Canal • Failed French attempt • Yellow fever • Ran out of money • 1903 U.S. granted rights to build canal • Opened in 1914
IV. The Roosevelt Corollary • TR said that if the independence of any country in the Western Hemisphere were in danger, the U.S. would act to prevent other countries from entering • U.S. would force Latin American countries to pay loans
V. Mexico’s Revolution • Rebellion against Porfirio Diaz • Dictator who allowed foreign companies to take natural resources • Wealthy controlled most of the land • Indalecia Madero jailed causing rebellion • Civil War • Medero in power • Huerta betrayed Medero and took power • Carranza led a revolt against Huerta- won • Pancho Villa • Continued fight against Carranza • Attacked large land owners in Mexico to finance army • Led a raid across into U.S.