Monroe Doctrine and Dollar Diplomacy: Monroe Doctrine: It was the doctrine that was proclaimed in 1823 A.D. by the then President of the United States Mr Monroe. This doctrine warned the European powers against any attempt to extend their power in the Western Hemisphere. In 1895, the Monroe Doctrine was given a new meaning. There was a territorial dispute between British Guiana (now Guyana) and Nicaragua and the British threatened to send troops against Nicaragua. The U.S. government forced Britian not to send her troops and declared that ‘Today the United States is practically sovereign on this Continent’. A new … Continue reading Monroe Doctrine and Dollar Diplomacy