Foreign Policy of 1920s Past Foreign Policies: Monroe Doctrine - (1823) James Monroe - Presidential statement Warning to European nations not to colonize further on the American continents. Suggested that the US would refrain from intervention in European affairs as well. Manifest Destiny - (1844) James K. Polk's campaign slogan This was the "fate" of the US. We were "destined" to expand our boundaries from the Atlantic to the Pacific. Open Door Policy (1899) Secretary of State John Hay Circular note - to nations with spheres of influence in China There should be equal trading opportunities for all nations in China Later extended - it would become the policy of the US to "preserve the territorial integrity of China" Roosevelt Corollary (1904) Teddy Roosevelt - Presidential Extension to a former policy "Perversion" of the Monroe Doctrine Suggested that in cases of "chronic wrongdoing", the US may have to intervene in Latin American countries to protect American's new interests in the area. Dollar Diplomacy President Taft's policy Supported American commercial enterprises abroad with dollars rather than bullets Particularly in Latin America and the Far East 1920s: Ratification of the League Covenant, Article X: Senate provision Intended to encourage collective action in the event of aggression, particularly objectionable Opponents - saw this as a threat to their role to declare war Wilson - saw this as essential to the League's effectiveness Senate ultimately rejected the Treaty of Versailles (along with Article X) due to the inability to compromise. Action - seen as a return to isolation. The Washington Conference (1921): The Big Five nations (US, Britain, Japan, France, Italy) agreed to a 10 yr moratorium Included: building of large warships; maintaining an established ratio of large warships, respectively This was idealistic and temporary in nature. Required: US - majority of the scrapping of large vessels Included: No enforcement provisions Appealed to many US taxpayers though. Geneva Conference (1927): US called this meeting Purpose: to try to extend the ratio of warships arranged at the Washington Conference to smaller vessels Attempt was a failure Led to a quick naval expansion by the US War Debts [Dawes and Young Plans]: Dawes Plan - provided a US loan to Germany o Purpose - to help Germany establish an orderly payment of reparations to European Allies Young Plan - reduced the amount of debt from Germany o Reduction was substantially lower than the amount Germany was expected to pay These initiatives (both by the US) were intended to: Facilitate trade with Europe and protect the American economy. Kellogg-Briand Peace Pact (1928): Between France & the US Outlawed war "as an instrument of national policy" Signed by most nations throughout the world But - no enforcement provisions included Historians have compared it to "a letter to Santa Claus" Relations with Asia [The Four and Nine Power Pacts]: Committed major nations to respect each other's interests in the Pacific Reaffirm the Open Door Policy in China The Caribbean [The Clark Memorandum] - (Dec 17, 1928): Semi-official statement of the Undersecretary of State Repudiated the interventionist slant of the Roosevelt Corollary Paved the way for the "Good Neighbor Policy" Improved opportunities for favorable trade relations with Latin America