The policy at that time was to exclude or totally limit the economic influence of the European powers during that time and also to increase trade and commerce.
Explanation:
Roosevelt and other unmistakable Americans were worried that European loan boss countries would utilize the unpaid obligation of the Latin American states to oversee them. So in the year 1904, Roosevelt changed the Monroe doctrine to “Roosevelt Corollary.”
While the Monroe Doctrine had looked to forestall European mediation, the Roosevelt Corollary was utilized to legitimize US intercession all through the half of the globe. In 1934, President Franklin D. Roosevelt repudiated interventionism and built up his Good Neighbor approach for the Western Hemisphere.