The term signifies a United States foreign policy initiative, primarily associated with the administration of Franklin D. Roosevelt, designed to improve relations with Latin American countries. It represented a shift away from interventionist policies, such as military occupations and direct political interference, that had characterized U.S. actions in the region during the early 20th century. The policy emphasized non-intervention and cooperation, aiming to foster economic and political stability in Latin America through trade agreements and diplomatic engagement.
This approach was significant for several reasons. First, it aimed to secure Latin American cooperation during a period of growing global tensions preceding World War II. By building stronger relationships and promoting mutual respect, the U.S. sought to solidify its position in the Western Hemisphere and counter potential Axis influence. Second, the policy recognized that heavy-handed interventionism had damaged U.S. credibility and fostered resentment in Latin America, hindering long-term strategic goals. The new emphasis on partnership and economic development proved more effective in achieving U.S. objectives.
