APUSH 20th Century Exam Review: Foreign Policy Foreign Policy of the 20th Century Roosevelt Corollary to the Monroe Doctrine (1902) ? ?Big Stick Policy? ? Gave Us the power to interfere in W-Hemisphere where needed (for econ reasons/promote democracy) Dollar Diplomacy ? Taft vis-?-vis Latin America ? extended US power into Latin America and E Asia; providing loans and using economic means to influence countries and exhort loyalty Lodge Corollary to the Monroe Doctrine (1912) -- Monroe Doctrine applies to colonial powers from Eur too Kept any foreign power/nation from acquiring significant land in W-H Moral or Missionary Diplomacy ? Wilson ? US?s moral responsibility to deny recognition to any Latin America govt that was viewed as hostile to American interests.