The Monroe Doctrine was important to The US and Great Britain as well. The doctrine was aimed primarily at France and Russia. It in fact had the blessing of Great Britain. The economics of it were of prime concern to Great Britain for several reasons. By declaring that the Western Hemisphere was no longer open to further colonization by the Great Powers of Europe, the doctrine also declared that the US would have no interest in making colonies for itself. This was welcomed by Great Britain as it owned Canada. It also, via its naval fleet protected its commercial interests with the newly independent nations of Latin America.
Further to this, it laid out a warning to Russia concerning its activities in the great northwest, which helped Great Britain as well. The doctrine laid a foundation for preventing France to take adventures in the Western Hemisphere. And, that concern was genuine as later in the century Mexico became a target for French Imperialism.
The Monroe Doctrine
monroe doctrine
The Monroe Doctrine was in direct opposition to the Truman Doctrine. The Monroe Doctrine said the US should not interfere with events in Europe.
The Monroe doctrine
Not until Teddy Roosevelt was the Monroe Doctrine actually enforced.
The US is involved in Latin America militarily because of the Monroe doctrine.
It prevented European colonization and intervention in the Western Hemisphere.
James Monroe(: he made the monroe doctrine
The Monroe Doctrine
James Monroe(: he made the monroe doctrine
Monroe Doctrine 1823
The Monroe Doctrine reflected growing U.S. power by establishing it's sphere of influence.