Roosevelt Corollary Notes Monroe Doctrine, 1823 The President of the United States, James Monroe, warned European nations not to interfere in the Western Hemisphere. The Roosevelt Corollary to the Monroe Doctrine, 1904 Eighty-one years later, the 26th president of the United States, Theodore Roosevelt, extended the Monroe Doctrine with a corollary. It stated: 1. It is the right of the United States to intervene in the economic affairs of any nation in the Americas that cannot manage them. 2. It is the right of the United States to exercise international police power. 3. Advocates “Big Stick Policy”. How did the Roosevelt Corollary open the door for Roosevelt to build the Panama Canal?
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