It has been used to justify various U.S. military actions in Latin America, specifically President Taft's ordering of troops into Nicaragua and Honduras in order to guarantee payment of foreign debts.  
It has been used to justify various U.S. military actions in Latin America, specifically President Taft's ordering of troops into Nicaragua and Honduras in order to guarantee payment of foreign debts.  It came into being when the Dominican Republic and Venezuela defaulted on loans from Britain, Germany and Italy. These countries sent war ships to the area which violated the Monroe Doctrine.  In return for their withdrawal the U.S. agreed to police the area to ensure repayment.  For ten points name this policy named after the president who initiated it.
It has been used to justify various U.S. military actions in Latin America, specifically President Taft's ordering of troops into Nicaragua and Honduras in order to guarantee payment of foreign debts.  
Roosevelt Corollary to the Monroe Doctrine (prompt on early Monroe Doctrine)