EFFECTS OF IMPERIALISM ON LATIN AMERICA/CARIBBEAN
Effects of Colonialism
Many of the problems after revolutions in Latin America were rooted in the effects of colonialism. One of the main detrimental effects of colonialism was the strict Caste system, although many colonies had gained independence and created governments based on democracy, the minority of rich land owners still controlled the majority of the government. Also Mestizos, Mulattoes, blacks, and Indians all felt the effects of racial prejudiced and discrimination. Another effect of Colonialism was economic dependency, in the mercantilism system, a colony or state's entire economy, virtually, is based on creating profit for the main country. In a mercantile state the state gathers resources and sends it only to it's owning country, and they only buy manufactured goods from that country, this creates a state that relies on other states to get manufactured goods. After colonies were liberated, other nations such as Britain and the U.S. rushed in to become the new sources of manufactured goods.
In 1820 Spain wanted to reclaim its colonies in the Americas. Britain opposed this idea, not wanting any possibility for closed trade with Latin America. Britain asked the U.S. to help oppose Spain's attempts. Instead of making an "entangling alliance" James Monroe issued the "Monroe Doctrine" Stating that "The American continents are henceforth not considered as subjects for the future colonization by any European power"
In 1904, the United States issued the Roosevelt Corollary in the "Monroe Doctrine", in this, the United State claimed "International Police Power" in the western hemisphere of the globe. From these policies, businesses in the United States continued to invest in foreign places, and to protect those investments, the United States moved in, causing resentment among native people. Another example of Yankee Imperialism in the Caribbeans was in 1898, after the Spanish-American war ended, in 1901, the United State forced Cuba to add the Platt Amendment to their constitution, Giving the United State naval bases in Cuba and the right to intervene in Cuban affairs.
To help support investments in Latin America and increase speed of naval travel, the United States constructed a Canal in the small isthmus in central america in Panama. This canal was created after the U.S. asked Columbia to build it there, as Panama at the time was controlled by Columbia, but after a revolt that the U.S. backed, Panama won independence and quickly allowed the U.S. to create the canal.