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What prompted the Roosevelt Corollary?

In the early 1900s European powers began to intervene in countries in Latin America, ostensibly to collect debts owed them by governments in the region. In 1902 the United Kingdom, Italy, and Germany established a naval blockade of Venezuela to compel that country to repay its debts to them, and France and the United Kingdom threatened to do the same two years later. Roosevelt perceived these events as threats to the economic and political interests of the United States in the region.