US Economic Imperialism

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US Economic Imperialism
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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 goodsremained
  unindustrialized!!!!

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Dont 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

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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

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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

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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