At the turn of the century, much of American foreign policy was directed toward protecting its pursuits in Latin America. Theodore Roosevelt's canal project coupled with increasing interest in interfering with Latin American economies and governments added to the fear of European intervention put into writing in the Monroe Doctrine decades previously--a fear realized when many Latin American countries had to default on debts to European powers. Roosevelt was worried that these unfavorable ties to Europe would weaken the influence the United States held over these shaky Latin American countries. Consequently, he created the Roosevelt Corollary to the Monroe Doctrine, which denied European intervention in Latin American countries but asserted American intervention if Latin American nations could not control their governments and economies.
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