US Economic Imperialism

1. US Economic Imperialism

2. Latin America • Colonial Legacy • Political Instability • Caudillos still asserted their power • Power remained with the wealthy • Economy Grows • Depended on exports • Railroads and refrigerators increased Latin American trade • Still imported manufactured goods…remained unindustrialized!!!!

3. Don’t Do It • The Monroe Doctrine • No more colonizing or conquering • Cuba declares Independence • 1868 declared independence, fought Spain for ten years • Jose Marti • Writer who fought in favor of independence

4. Baa BOOOM!!! • Spanish American War • Lasted four months • Attacked the Philippines, Spanish collapsed • 1901, Cuba became independent • US set up a military government and controlled Cuban affairs • Spain turned over Puerto Rico, Guam, and the Philippines to the United States

5. Panama Canal • Panama was a province of Columbia • US offered 10 million plus yearly fee to build a canal, Columbians wanted more • US urged Panamanians to revolt, of course with US Naval help • 10 mile wide zone was given to the US for helping Panama gain independence • Panama Canal opened in 1914, crossroads to the world, US controlled the gate

6. Roosevelt • US had many interests in Latin America • 1904, Roosevelt Corollary • Allowed the US to be an international police power in the west • Faced tension and protest