Drago Doctrine

The Drago Doctrine was announced in 1902 by the Argentine Minister of Foreign Affairs Luis María Drago. Addressing the Monroe Doctrine and the influence of European imperial powers, it set forth the policy that no foreign power, including the United States, could use force against a Latin America nation to collect debt. In 1904, the Roosevelt Corollary was issued by the United States in response to the Drago Doctrine. The Roosevelt Corollary asserted the right of the United States to intervene Latin America in the interests of American business and Latin American independence from European powers.