who demanded the latin american countries keep their financial affairs on order or at risk intervention by the united states
The United States demanded that Latin American countries keep their financial affairs in order or risk intervention. This demand was primarily part of the foreign policy of the United States known as the "Monroe Doctrine."
The Monroe Doctrine was introduced in 1823 by President James Monroe. It aimed to establish American primacy in the Western Hemisphere and prevent European colonialism and intervention in the Americas. The doctrine stated that any intervention or colonization efforts by European powers in Latin America would be viewed as acts of aggression towards the United States.
While the Monroe Doctrine initially focused on political intervention, it gradually expanded to include economic concerns as well. As a result, the United States started to exert influence on the financial affairs of Latin American countries.
One significant example of this intervention occurred during the early 20th century. The United States often intervened in Latin American countries to protect its economic interests, including access to trade, investment opportunities, and resources. In some instances, the intervention was driven by the need to ensure debt repayment to American banks or maintain stability in the region.
The threat of intervention by the United States pushed Latin American countries to maintain stable economic conditions and fiscal discipline. Failure to do so could result in penalties, sanctions, or even military intervention by the United States.
Overall, the United States, through the Monroe Doctrine and subsequent policies, demanded that Latin American countries keep their financial affairs in order to protect American strategic and economic interests in the region.